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a16z Says "Stablecoin" Is a Relic of Crypto’s Volatile Past
a16z said the term “stablecoin” no longer fits the category as stablecoin supply has climbed past $300 billion. The firm said stablecoins processed $7.2T in February 2026, above ACH’s $6.8T, and pointed to labels such as digital dollars and on-chain assets as possible replacements.