Are Stablecoins the New Cash?
Stablecoins have long behaved like cash, used for payments, treasury management, and cross-border transactions, but current U.S. GAAP still says otherwise. With FASB now examining whether stablecoins should qualify as cash equivalents and the GENIUS Act raising the bar for audits and transparency, accountants and auditors face a new era of digital asset reporting. Here’s what’s changing, why it matters, and how crypto accounting tools like LedgerLens are helping firms keep up.
