The American Accounting Standards Board plans to explore classifying certain stablecoins as "cash equivalents" in 2026

According to the Wall Street Journal, the Financial Accounting Standards Board (FASB) plans to explore whether certain stablecoins qualify as "cash equivalents" by 2026 and study how to account for cryptocurrency transfers (including Wrapped Tokens). This move comes in the context of the Trump administration's push for cryptocurrency policies and the passage of the Genius Act.

FASB Chairman Rich Jones stated that the agency has added these cryptocurrency projects to its agenda. Previously, in 2023, FASB required companies to adopt fair value accounting for cryptocurrencies like Ethereum and Bitcoin, but that rule excluded NFTs and certain stablecoins.