[a16z Crypto Executive: The Term 'Stablecoin' May Gradually Become Obsolete] Robert Hackett, Special Projects Lead at a16z Crypto, wrote that the term 'stablecoin' is gradually losing its relevance in the current era. Stablecoins were originally created during periods of high volatility in the crypto market, emphasizing their 'stability' feature. However, as technology evolves, stability has become a foundational element of global financial infrastructure. The focus of the crypto industry has shifted from 'whether it is stable' to 'what else can be built.' Stability has become a baseline requirement rather than an innovation in itself. Therefore, the term 'stablecoin' feels more like a patch for an old problem rather 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 assets,' or even fully integrate into the underlying financial system—similar to how 'electric lamp' replaced the concept of 'electric lighting.'