The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.
Commodities
US accounting board FASB proposes conditions for stablecoins as cash equivalents
The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves. Source: Read the original article on cointelegraph.com
