SEC to allow some stablecoins to be treated as cash equivalents
The U.S. Securities and Exchange Commission has issued interim guidance allowing certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets. Summary SEC permits qualifying USD stablecoins to be reported as cash equivalents. Applies only to fully backed, redeemable tokens with 1:1 pegs. Complements GENIUS Act and broader reforms under SEC … Read more