Stablecoin maturity, regulation opens crypto adoption gate: Taxbit CEO
While finance chiefs may be increasingly interested in tapping stablecoins as part of their treasury strategy or as a way to ease some of the struggles with cross-border payments, “the accounting of this is a really important part of the problem,” when it comes to adoption of such assets, Taxbit CEO Lindsey Argalas said.
Many traditional accounting tools simply aren’t equipped for the volatility of cryptocurrency assets, Argalas said in an interview — and the lack of confidence CFOs have in their ability to accurately account for these assets and remain in financial compliance is a significant barrier to adoption.
In a recent survey by Big Four firm Deloitte, price…
