The existing ASC 230 definition tests plus the Board’s tentative criteria, one question per screen. Answers stay in the URL — nothing is stored or transmitted.
Tentative — April 15, 2026
The tentative FASB examples address fiat-backed stablecoins. Algorithmic, commodity-backed, or multi-asset tokens are outside the fact patterns the Board discussed and are unlikely to qualify.
Tentative — April 15, 2026
The key tentative criterion. The reporting entity itself must be able to redeem with the issuer at par on demand — for example, as an institutional account holder. Holding via an exchange with no issuer relationship, or relying on secondary-market liquidity, does not satisfy it.
Tentative — April 15, 2026
Think T-bills, overnight repos, and cash deposits — verified through the issuer’s published attestations or audited reserve reports. Reserves in volatile or illiquid assets fail this test.
Tentative — April 15, 2026
Reserve value must equal or exceed the redemption value of all tokens in circulation, continuously — not just at attestation dates.
ASC 230-10-20
The existing definition’s first test. A working par redemption right converts each token to exactly one unit of currency — a known amount. Material redemption fees, gates, or delays undermine this.
ASC 230-10-20
The existing definition’s second test. Consider de-peg history, issuer credit risk, and concentration. The Board’s tentative examples link this back to reserve quality and the redemption mechanism.
Copied.
This tool reflects the cash-equivalent definition in ASC 230-10-20 and tentative FASB board decisions of April 15, 2026, which may change before a final ASU is issued. It is general information, not professional advice. Classification today requires analysis under existing GAAP and consultation with your auditor.