Stablecoins are increasingly everywhere, and corporate finance teams are cautiously taking notice. While FinTechs and even banks rush forward to capture ground across stablecoin infrastructure and issuance, chief financial officers (CFOs) and treasury teams are faced with a more challenging question: how to treat payment stablecoins on their financial statements. For enterprise back offices, one of the key crypto battlegrounds is whether certain stablecoins qualify as “cash equivalents”...
