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Edge & Node
@edgeandnode
⚡ Pioneering data infra for the next internet. Founding team @graphprotocol, @ampersend_ai and 🏡 @thehousesf. Powering web3, AI, and enterprise.
Joined February 2021
166 Following    12.1K Followers
The FASB proposed guidance last week that would let companies classify stablecoins as cash equivalents on their balance sheets, with comments due November 19. Cash-equivalent treatment is the accounting status corporate treasurers have been waiting on, because it means holding USDC stops creating a separate line-item headache in financial statements and starts reading the way money market funds do. Auditors sign off on cash equivalents only when they can verify the asset exists and settles as claimed, so every finance team that takes the option inherits a new requirement: proving onchain balances and flows to audit standards. Most audit firms today check blockchain balances by hand, screenshots and block explorer exports, and that process breaks the first time a client holds stablecoins across five chains. Amp gives treasury and audit teams a SQL database over blockchain data where every query result carries a cryptographic proof it matches the chain, so the balance and its evidence arrive together.
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