PANews reported on May 1st that Robert Hackett, head of special projects at a16z Crypto, wrote that the term "stablecoin" is gradually losing its relevance. Stablecoins originated during a period of high volatility in the crypto market, thus emphasizing "stability." However, with technological evolution, stability has become fundamental, evolving into a global financial infrastructure. The crypto industry's focus has shifted from "whether it's stable" to "what else can be built upon it." Stability has become a basic requirement 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 eventually fade into broader terms such as "digital dollar" or "on-chain asset," or even be completely integrated into the underlying financial system, just as "electric light bulb" replaced "electric lighting."
a16z Crypto executive: The term "stablecoin" may gradually become obsolete.
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Author: PA一线
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