BREAKING: US Accounting Change Could Let Companies Treat Stablecoins Like Cash — $300 Billion Market in Focus

A proposed change to US accounting rules could make stablecoins much easier for big companies to hold and use. A new report from Tempo, a blockchain project backed by Stripe, says the plan could remove one of the biggest barriers that has kept corporate treasuries away from dollar-backed tokens.

The proposal comes from the Financial Accounting Standards Board (FASB), which first put it forward in August. If it is approved, qualifying stablecoins could be treated as cash equivalents on company balance sheets, instead of sitting in a grey area in company accounts.

That matters because, under current practice, even a stablecoin fully backed by US dollars may not count toward a company's reported cash reserves. That can hurt liquidity ratios and even affect loan agreements, so many finance teams have stayed away even when they wanted to use stablecoins for payments and settlements.

There is an important catch. Tempo says the token alone is not enough — a company would need direct redemption rights with the stablecoin issuer. Simply buying a token like USDC through an exchange would not automatically qualify. The report points to Coinbase, which treated USDC as a cash equivalent in its 2025 annual report because of its direct redemption deal with Circle.

For traders, this is one to watch. The stablecoin market is already worth more than $300 billion, and the change would land after the GENIUS Act, the US stablecoin law passed in July 2025 that is due to take effect in January 2027. If companies can book stablecoins like cash, demand from corporate treasuries could grow. But nothing is final yet: public comments are open until November 19, and FASB will review them before setting the final rule and its start date.

Read also: US Crypto Rules Now in SEC and CFTC Hands After Senate Blocks Clarity Act

This post is news only, not financial advice. Always do your own research before buying or selling crypto.

Sources: Cointelegraph, TradingView, Cointime, Traders Union