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

According to Huoxun Finance, Robert Hackett, head of special projects at a16z Crypto, argues that the term "stablecoin" is gradually becoming detached from its current context. Stablecoins emerged amidst the extreme volatility of the crypto market, thus emphasizing their "stability." However, with technological and industry advancements, stability has evolved into a fundamental requirement of global financial infrastructure. The industry's focus has shifted from "whether stability can be maintained" to "what applications can be built upon it," making stability a basic threshold rather than a focus of innovation. Therefore, the name is more like a patchwork label for past problems, failing to define a new financial system. In the future, the concept of stablecoins may gradually be replaced by broader terms such as "digital dollar" and "on-chain assets," or even fully integrated into the underlying architecture of the financial system, similar to how "electric light bulb" replaced "electric lighting."