a16z Crypto executive: The term "stablecoin" may gradually become obsolete.

According to Huoxun Finance, the head of special projects at a16z Crypto wrote that the term "stablecoin" is gradually losing its relevance. Stablecoins emerged during a period of high volatility in the crypto market, thus emphasizing their "stability." However, with technological advancements, stability has evolved into a fundamental requirement of global financial infrastructure. The industry's focus has shifted from "whether it is stable" to "what else can be built upon it," and stability has transformed from a core innovation to a basic threshold. The name now seems more like a patch for old problems than a definition of a new financial system. In the future, the concept of stablecoins may fade into broader terms such as "digital dollar" or "on-chain asset," or even be fully integrated into the underlying financial system, similar to the evolution of the concept of "light bulb" replacing "electric lighting."