Every day, about $2.2 trillion in foreign-exchange (FX) transactions carry a risk that the yet-to-be settled side of an agreement won’t meet obligations. But a new paper from Circle Internet Financial and decentralized exchange Uniswap Labs finds that a distributed ledger could solve that problem with simultaneous settlement.
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
U.S. accounting standards may be overhauled to specifically factor in