Stablecoins as Cash Equivalents? What FASB’s New Accounting Proposal Means for Crypto’s Future

Corporate finance teams and auditors have long faced uncertainty over how to classify dollar-pegged digital tokens that claim near-perfect stability. On August 18, 2026, the Financial Accounting Standards Board published a proposed Accounting Standards Update addressing exactly that question. The draft leaves the existing definition of cash equivalents unchanged while adding illustrative examples…