a16z Crypto Executive: The Term "Stablecoin" May Gradually Become Obsolete

Odaily reports that Robert Hackett, a special project lead at a16z Crypto, has written an article pointing out that the term "stablecoin" is gradually losing its relevance. Stablecoins were originally born during a period of high volatility in the crypto market, hence the emphasis on "stable" characteristics. However, as technology evolves, stability has become a fundamental prerequisite for global financial infrastructure. The crypto industry’s focus has shifted from "whether it's stable" to "what else can be built," with stability now serving as a basic threshold rather than innovation itself. Therefore, the term "stablecoin" feels more like a patch for an old problem than a definition for a new financial system. In the future, the concept of stablecoins may eventually fade into broader terms such as "digital dollar" or "on-chain assets," or even be fully integrated into the underlying financial system, much like how "electric light" replaced the concept of "electric illumination."