#稳定币市场与应用 Will stablecoins officially be counted as cash? The FASB has put this on the agenda for this year, and the key point is that the Financial Accounting Standards Board (FASB) has decided to study in 2026 whether stablecoins can be included in "cash and cash equivalents"—it sounds very technical, but behind it is a major event.

In simple terms, some companies currently hold Bitcoin and stablecoins, but how to record these assets in financial reports remains a gray area. Large corporations like Tesla list their crypto assets, and many small and medium-sized enterprises are confused about what to do next. This time, FASB is serious about clarifying the rules.

Interestingly, this matter is closely related to the recently enacted "Genius Act" stablecoin legislation. The bill establishes a regulatory framework, and FASB will standardize accounting standards, effectively giving stablecoins a "legitimization" from both legal and financial perspectives. What does this mean? Once stablecoins can truly be considered cash equivalents, institutional investors will be more willing to hold large amounts, and market acceptance will rise sharply.

But don’t get too optimistic; there are still many details to work out—such as how to account for cross-chain tokens, NFTs, and when to remove assets from the books... These seemingly boring questions actually relate to whether investors can see the true risks of enterprises clearly. Anyway, I’m just waiting to see how FASB will act. Once these rules are set, the stablecoin ecosystem is likely to usher in a new wave of growth.