US FASB Pushes for Amendment on Classification of Stablecoins as Cash Equivalents

In the United States, an accounting standard amendment is being pursued to classify stablecoins that meet certain criteria as cash equivalents on corporate financial statements. If the amendment is finalized, it is expected to reduce the accounting burden on companies when using stablecoins for payments and cash management. The FASB amendment includes a condition that companies must hold a contractual right to directly demand redemption from the stablecoin issuer. Tempo cited the example of Coinbase classifying payment stablecoins like USDC as cash equivalents in its 2025 annual report based on its redemption agreement with Circle. The FASB plans to gather opinions on the amendment until the 19th of next month and will review the submitted opinions to determine the final accounting standards and implementation timeline. The U.S. is simultaneously refining regulations on stablecoin issuance and accounting standards for corporate holdings, with the Genius Act stipulating the reserve assets and redemption obligations of payment stablecoin issuers. The market size for dollar-based stablecoins has surpassed $300 billion.

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