Recently, a major news has emerged — the Financial Accounting Standards Board (FASB) in the United States intends to officially recognize stablecoins such as USDT and USDC as "cash equivalents" by 2026. This sounds like industry news, but it actually carries profound significance.

Why is this so critical? Let's start with the most direct impact. If this resolution is implemented, the finance departments of publicly listed companies will be able to confidently include stablecoins in the "cash" section of their balance sheets. What does this mean? It signifies a shift in capital flow. Traditional large institutions and listed companies have always had demand for stablecoins but harbored concerns about compliance. Once officially certified, the inflow of these funds will be significantly boosted. The market capitalization of USDT and USDC could thus see a new wave of growth.

The enhancement of compliance is even more self-evident. It’s akin to receiving official endorsement, greatly increasing trust in stablecoins within the traditional financial sector. Insurance companies, fund management firms, and others that were previously on the sidelines might more quickly incorporate stablecoins into their investment portfolios. In the long run, this marks a milestone for crypto assets to mainstream finance.

However, several issues need to be viewed with calmness. In the short term, such policy news often triggers market speculation and price volatility. With more than two years until 2026, the anticipation itself may cause fluctuations, so maintaining a steady mindset is essential. Additionally, the specific standards for recognition by FASB are not yet fully clear. Which stablecoins will meet the criteria, and to what extent must their reserves be transparent — these details will directly determine the actual beneficiaries. Conversely, stablecoins like USDC backed by Coinbase and with more transparent reserve audits may have a higher chance of gaining priority recognition.

Ultimately, 2026 will be a period of observation. Market expectations are gradually digesting this policy direction, but the final implementation will depend on subsequent detailed regulations. At this moment, paying attention to the integration progress between traditional finance and the crypto world, and maintaining resolve amid volatility, might be the most prudent approach.