a16z Crypto Executive: The term "stablecoin" may gradually become outdated

Odaily Planet Daily reports that a16z Crypto’s special project leader Robert Hackett wrote that the term “stablecoin” is gradually losing its relevance to the current era. Stablecoins were originally created during a period of high volatility in the crypto market, emphasizing their “stability” feature. However, with technological evolution, stability has become a fundamental aspect evolving into global financial infrastructure. The crypto industry’s focus has shifted from “whether it is stable” to “what can still be built,” with stability becoming a baseline threshold rather than an innovation itself. Therefore, the name “stablecoin” is more like a patch for old problems rather than a definition of a new financial system. In the future, the concept of stablecoins may ultimately fade into broader terms like “digital dollar” or “on-chain assets,” or even be fully integrated into the underlying financial system, similar to how “electric light” replaced the concept of “electric illumination.”