FASB proposes allowing qualifying stablecoins to be presented as cash equivalents without changing GAAP’s definition.Qualifying tokens require issuer redemption rights and segregated reserves holding highly liquid short term assets.Secondary market liquidity alone cannot qualify a token when holders lack direct contractual redemption rights.All entities would disclose major cash equivalent components, whether digital assets are involved or not.Public comments remain open until November 19, with FASB setting the effective date after review.