a16z Crypto says the term 'stablecoin' may disappear

Andreessen Horowitz's (a16z) crypto arm, a16z Crypto, has suggested that the concept of stablecoins may eventually fade away and be replaced by new terminology. The firm highlighted that stablecoins are increasingly serving as financial infrastructure for various applications, including cross-border remittances, real-time settlements, direct ownership, and embedded payments. The core function, a16z Crypto stressed, is to make money programmable like software. The firm explained that these assets could be rebranded in the future as digital dollars, digital euros, or on-chain assets.