The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.
US accounting board FASB proposes conditions for stablecoins as cash equivalents
Related News
DeFi
Lagarde to leave ECB with Europe’s tokenized-finance blueprint still undecided
Appia’s consultation findings expose a trade-off between pooling settlement liquidity and preserving competit…
DeFi
XT Exchange: A Prediction Market Starts With a Question That Can Be Settled
XPredict brings event-based markets into XT Exchange, where a broad expectation becomes a position on a quest…
DeFi
Pi Network’s PI Token Defies Market Crash Triggered by Binance Hack
PI is up by roughly 3% daily and it's close to the key resistance at $0.08.
DeFi
Flare Joins XRPL Validator List as Anodos Finance Exits
Flare’s inclusion comes as it expands its DeFi services for XRP holders.
Comments (0)
Please sign in to comment.
No comments yet. Be the first to comment.