CPA Group Guides Crypto Industry on Accounting for Stablecoins

Cryptocurrency issuers gained greater clarity on how to present and disclose information related to certain digital tokens with reporting criteria released Thursday.

The framework from the American Institute of Certified Public Accountants is the first of its kind for issuers of stablecoins—a digital asset pegged to assets whose value typically holds steady over time, such as the US dollar—the professional group said. The second part of the criteria will be released next month for public feedback.

• The guidance, released following public input by the AICPA’s assurance services executive committee, is specific to asset-backed fiat-pegged tokens, a type of stablecoin. It ...