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

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