a16z Crypto Executive: The term "stablecoin" may gradually become outdated

Deep Tide TechFlow news, on May 03, Robert Hackett, the Special Projects Lead at a16z Crypto, wrote that the term “stablecoin” is gradually losing its relevance to the current era. Stablecoins were originally created during a highly volatile period in the crypto market, so the emphasis was on their “stability” feature. But as technology evolves, stability has gone from being a feature to becoming a fundamental building block—transforming into global financial infrastructure. As a result, the crypto industry’s focus has shifted from “whether it is stable” to “what else it can still build.” Stability has become a baseline threshold rather than innovation itself. Therefore, the name “stablecoin” is more like a patch for old problems than a definition of a new financial system. In the future, the concept of stablecoins may ultimately fade into broader terms such as “digital dollars” and “on-chain assets,” and may even be fully integrated into the underlying financial system—just like the concept of “electric lamp/light” replacing “electric lighting.”