The FASB noted 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 floats conditions for stablecoins as cash equivalents
The FASB noted secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.
Reporting based on public statements, filings, and reporting gathered from multiple sources.
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