U.S. Treasury and FASB Publish Draft Rules on Stablecoin Issuance, Distribution, and Accounting

The U.S. Department of the Treasury and the Financial Accounting Standards Board (FASB) have both put out draft proposals that would reshape how stablecoins are issued in the U.S. and how companies account for them under U.S. GAAP. For PSPs, exchanges, brokers, and custodians, the important part