We explore how stablecoins are transforming global business payments by offering faster, cheaper alternatives to traditional banking rails with $5 trillion in transaction volume in 2024 alone. These digital tokens provide stability through their one-to-one peg to currencies like the US dollar while leveraging blockchain technology for efficiency. • Stablecoins enable 24/7 global payments without bank holiday interruptions • They generally offer lower transaction fees than wire transfers or c...
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We explore how stablecoins are transforming global business payments by offering faster, cheaper alternatives to traditional banking rails with $5 trillion in transaction volume in 2024 alone. These digital tokens provide stability through their one-to-one peg to currencies like the US dollar while leveraging blockchain technology for efficiency. • Stablecoins enable 24/7 global payments without bank holiday interruptions • They generally offer lower transaction fees than wire transfers or c...
Crypto Accounting and Compliance for Finance Teams
CoinsDo Podcast
14 minutes
4 months ago
Crypto Accounting and Compliance for Finance Teams
Cryptocurrency has rapidly transformed from a niche technology pursuit to a mainstream corporate asset class appearing on balance sheets worldwide, creating unprecedented challenges for finance and accounting teams unprepared for this shift. We explore the complex accounting treatment differences between US GAAP and IFRS standards, highlighting practical strategies for compliance and accurate financial reporting. • US GAAP treats cryptocurrencies as indefinite-lived intangible assets, recogn...
CoinsDo Podcast
We explore how stablecoins are transforming global business payments by offering faster, cheaper alternatives to traditional banking rails with $5 trillion in transaction volume in 2024 alone. These digital tokens provide stability through their one-to-one peg to currencies like the US dollar while leveraging blockchain technology for efficiency. • Stablecoins enable 24/7 global payments without bank holiday interruptions • They generally offer lower transaction fees than wire transfers or c...
