Figure’s CFO supports treating stablecoins as cash. Macrina Kgil, CFO of the newly public Figure Technology Solutions, would like to see the FASB update standards to classify stablecoins as cash. “We had huge debate on that, multiple times because there was no guidance and it was ambiguous so we didn’t know what the right accounting would be for it,” Kgil said in a recent interview. “I’m very happy the FASB is looking to clarify this because it will just make it more consistent across the board.”
Figure Technology Solutions, newly public, could benefit from standardized accounting as the industry moves toward clearer guidance for blockchain-based lending. Kgil’s remarks underscore a broader push for timely updates from the FASB to align financial reporting with evolving digital asset practices.
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