a16z Crypto Executive: The Term "Stablecoin" May Gradually Become Outdated
Robert Hackett, Head of Special Projects at a16z Crypto, has written that the term "stablecoin" is gradually losing its relevance to the times. 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 foundational element evolving into global financial infrastructure. The focus within the crypto industry has shifted from "is it stable?" to "what else can we build?", with stability becoming a baseline requirement rather than innovation itself. Therefore, the name "stablecoin" is more like a patch for an old problem than a definition of a new financial system. In the future, the concept of stablecoins may eventually fade into broader terms like "digital dollar" or "on-chain asset," or even be fully integrated into the underlying fabric of the financial system, much like how "light bulb" replaced the concept of "electric illumination."
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Bitcoin Price Breaks $77,000: Multiple Factors Drive Current Rally
-
2
Al Jazeera: Israeli attacks on Gaza kill at least 4 Palestinians, UN Human Rights Office warns of ethnic cleansing risk
-
3
US banks are owed $349B by private credit funds, as PIK interest payments rise to 10% of loans
-
4
Musk retweeted that as of October 31, the number of Starlink satellites has reached 11,184, accounting for 66% of the total active satellites globally.
-
5
Bitcoin staking protocol b14g says $97 million CORE drained, pauses contracts
-
6
Bitcoin Spot ETF Status Review: Market Impact and Latest Data Post-Approval
-
7
Nikkei Asia: Overseas entities' JPY bond issuance reaches a record $16 billion as the AI funding race spreads to Japan
-
8
SpaceXAI, the AI division of SpaceX, failed to dismiss an air pollution lawsuit filed by the NAACP, with the judge ruling that the case will proceed.
-
9
Al Jazeera: Palestinian Man Succumbs to Injuries After Israeli Drone Strike in Gaza
-
10
Binance confirmed that it has transferred 7,499 Bitcoins to the SAFU fund, stating that it has recovered 90% of the stolen assets and pledged to rebuild the emergency fund to approximately $1 billion.
Markets Today
Recommended Reading



