watch these top trending coins closely $IP | $HOLO | $1000PEPE The U.S. Accounting Standards Board just announced that some stablecoins will now be classified as fiat currency this year 😲. In simple terms, this means certain stablecoins — which are usually seen as digital assets — will be treated like regular money in accounting and reporting. The shocking part? This blurs the line between crypto and traditional finance, giving stablecoins more legitimacy while also putting them under closer regulatory and accounting scrutiny. For businesses, investors, and exchanges, this is huge news, as it affects how they report, hold, and use stablecoins. 👉 The takeaway: Stablecoins are moving closer to mainstream money, which could boost adoption, but it also means rules and oversight are tightening 👀
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BIG CRYPTO ACCOUNTING UPDATE 🇺🇸
watch these top trending coins closely
$IP | $HOLO | $1000PEPE
The U.S. Accounting Standards Board just announced that some stablecoins will now be classified as fiat currency this year 😲. In simple terms, this means certain stablecoins — which are usually seen as digital assets — will be treated like regular money in accounting and reporting.
The shocking part? This blurs the line between crypto and traditional finance, giving stablecoins more legitimacy while also putting them under closer regulatory and accounting scrutiny. For businesses, investors, and exchanges, this is huge news, as it affects how they report, hold, and use stablecoins.
👉 The takeaway: Stablecoins are moving closer to mainstream money, which could boost adoption, but it also means rules and oversight are tightening 👀