The Financial Accounting Standards Board (FASB) plans to address the classification of stablecoins and the accounting for wrapped tokens in 2026. This initiative will explore whether stablecoins like USDT and USDC should be classified as cash equivalents and how the transfer of wrapped tokens should be recorded in financial statements. This follows FASB's updates to cryptocurrency accounting rules in 2024 and subsequent reforms in 2025, including the implementation of SAB 122 and the GENIUS Act. Currently, over 160 institutions hold approximately $150 billion in Bitcoin, highlighting the growing institutional interest in the crypto market.