Circle's Jeremy Allaire bullish on FASB 'enormous strategic unlock' for stablecoins

Co-founder of Circle (NYSE: CRCL), Jeremy Allaire has called the new accounting proposal from the U.S. Financial Accounting Standards Board (FASB) “an enormous strategic unlock” for stablecoins like USDC. He said this on Friday 21, August, 2026. He claimed that the proposal makes it easier for companies to hold tokens. This came three days after...