US GAAP Stablecoin Classification
Accounting standards under U.S. Generally Accepted Accounting Principles treating certain USD-pegged stablecoins as cash equivalents.
What is US GAAP Stablecoin Classification?
Under US GAAP, fiat-backed stablecoins pegged to USD can be classified as cash equivalents if they meet criteria for liquidity and stability, as clarified in SEC guidance in August 2025. FASB’s ASU 2023-08, effective 2025, requires fair value measurement for crypto assets, but stablecoins under GENIUS Act may qualify as financial assets with reserve attestations. AICPA’s 2025 Criteria for Stablecoin Reporting provide voluntary disclosure standards, aligning with IFRS for cash-like treatment.
Related Terms
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Initial Margin
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Herd Behavior/Bandwagon Effect
The tendency of prediction market participants to follow prominent public signals, potentially distorting prices.
EIP-1559
An Ethereum upgrade that introduced a dynamic base fee for transactions, implemented in August 2021.