a16z Crypto executive: The term 'stablecoin' may gradually become obsolete
According to Odaily, Robert Hackett, Special Projects Lead at a16z Crypto, wrote that the term “stablecoin” is gradually losing its relevance over time. Stablecoins were originally created during periods of high volatility in crypto markets, thus emphasizing their “stability” feature. However, as technology evolves, stability has become a fundamental aspect and evolved into global financial infrastructure. The crypto industry’s focus has shifted from “is it stable” to “what else can be built”; stability has become a basic threshold, not an innovation itself. Therefore, “stablecoin” as a term is more like a patch for an old issue, rather than a definition for the new financial system. In the future, the concept of stablecoins may eventually fade into broader terms such as “digital dollar” or “on-chain asset,” or even become fully integrated into the underlying financial system—just as the term “electric light” replaced “electric illumination.”
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