SEC Interim Guidance Suggests USDC Stablecoin Could Qualify as Cash Equivalent on Corporate Balance Sheets
The post SEC Interim Guidance Suggests USDC Stablecoin Could Qualify as Cash Equivalent on Corporate Balance Sheets appeared on BitcoinEthereumNews.com. The SEC has issued interim guidance permitting fully backed U.S. dollar stablecoins to be classified as cash equivalents on corporate balance sheets, streamlining accounting and fostering institutional crypto adoption. This guidance excludes algorithmic and yield-bearing stablecoins, focusing on low-risk tokens. The move aligns with broader reforms like the GENIUS Act, promoting regulatory clarity. ‘, ‘
The post SEC Interim Guidance Suggests USDC Stablecoin Could Qualify as Cash Equivalent on Corporate Balance Sheets appeared on BitcoinEthereumNews.com.
The SEC has issued interim guidance permitting fully backed U.S. dollar stablecoins to be classified as cash equivalents on corporate balance sheets, streamlining accounting and fostering institutional crypto adoption. This guidance excludes algorithmic and yield-bearing stablecoins, focusing on low-risk tokens. The move aligns with broader reforms like the GENIUS Act, promoting regulatory clarity. ‘, ‘
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