FASB releases proposed accounting standard update, clarifying the criteria for identifying stablecoin cash equivalents

The Financial Accounting Standards Board (FASB) of the United States issued a proposed accounting standard update (ASU) on August 18, 2026, aimed at clarifying the applicable standards for defining cash equivalents in digital assets such as stablecoins and enhancing disclosure transparency. Stakeholders are required to submit their opinions by November 19, 2026.