Circle CEO: FASB's New Accounting Rules Could Be Key Driver for Institutional Adoption of USDC

Odaily Planet Daily News: Circle CEO Jeremy Allaire stated that the proposed digital asset accounting rules by the US Financial Accounting Standards Board (FASB) are expected to provide a significant strategic boost to the institutional adoption of digital dollars like USDC. He noted that if these rules are combined with the GENIUS Act, USDC could be widely used by global enterprises and financial institutions—a development of critical strategic importance.