SEC Issues New Guidance on Accounting for USD-Pegged Stablecoins

In Summary

  • SEC updates staff guidance for USD-pegged stablecoins.
  • Cash-equivalent status depends on guaranteed redemption mechanisms.
  • Part of Chair Atkins’ effort to modernize crypto rules.
  • Seen as a move to position the U.S. as a global leader in digital finance.


Catenaa, Thursday, August 07, 2025-The US Securities and Exchange Commission has updated its staff guidance on accounting rules for stablecoins, signaling a shift toward classifying some USD-pegged tokens as cash equivalents, Bloomberg reported Monday.

Under the revised guidance, stablecoins could receive cash-equivalent status if they maintain guaranteed redemption mechanisms and demonstrate consistent value stability linked to an underlying asset.

The move comes as regulators seek to provide clarity on digital asset treatment while broader crypto legislation is still under development.

The update reflects SEC Chair Paul Atkins’ ongoing push to modernize regulatory approaches to digital assets.

In April, the agency clarified that “covered” USD stablecoins are not considered securities and that entities managing their issuance and redemption are not required to register those activities.

The SEC’s evolving framework complements Project Crypto, a recently unveiled initiative aimed at adapting securities regulations for blockchain-based financial markets.

Analysts say the clarification could encourage greater adoption of stablecoins in corporate and institutional finance, while reducing accounting uncertainty for firms integrating blockchain-based payment and settlement solutions.

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