#稳定币发展 Can stablecoins be considered cash equivalents? This question is finally about to have a definitive answer. The FASB has included this issue in its 2026 agenda, and the underlying logic is quite clear— as stablecoins become more like cash, and the holdings of enterprises and institutions expand, financial statement standards must keep pace; otherwise, it would be setting traps for investors.

From a follow-trading perspective, what does this change mean? Once stablecoins are officially recognized as cash equivalents, many institutions will need to readjust their asset allocation strategies. Currently, some traders treat USDT and USDC as reserve funds that can be flexibly managed. Once accounting treatments become more standardized, this flexibility might be restricted, which could impact their strategy execution efficiency and risk management rhythm.

Therefore, my advice is: focus now on those experts who are particularly meticulous about stablecoin liquidity and fund management. They tend to respond fastest to such regulatory changes. Once the rules are set, the first to adjust their strategies are most likely to stumble. Instead of reacting late, it’s better to observe who is already preparing for this change—this is the core competitive advantage of professional follow-trading: seeing one step ahead of others, but not betting blindly.

True knowledge comes from practice; when the rules change, strategies must change as well.