Stablecoins Suggested to be Renamed, 2026/05/04 11:20:04

The term “stablecoins” has become outdated, according to analysts from the venture capital firm Andreessen Horowitz (a16z). They have suggested alternative names such as “on-chain assets” or “digital dollars.”

Investment experts believe there has been a shift in the perception of stablecoins: the primary characteristic is no longer the stability of the exchange rate itself. The technology has evolved beyond its original positioning, and these assets have carved out a significant role in the global payment infrastructure. Stability has become a fundamental requirement—an essential feature, but not a competitive advantage.

Modern tokens linked to national currencies facilitate cross-border transfers in seconds, easily integrate into user applications, and operate on programmable blockchain networks, as noted by specialists at Andreessen Horowitz. Major corporations are increasingly utilizing dollar-pegged tokens for transactions, and businesses no longer view them merely as tools for trading on cryptocurrency exchanges.

Terms like “digital dollars,” “digital euros,” and “on-chain assets” more accurately describe the essence of such assets, and venture analysts believe that people immediately understand the context when these terms are used.

According to a16z experts, profound changes lie in the nature of modern money: it now functions as software. Capital can be easily programmed and integrated directly into consumer services.

Previously, Sam Lyman, head of research at the Bitcoin Policy Institute, stated that Bitcoin and dollar-pegged stablecoins exist in a symbiotic relationship, mutually reinforcing each other amid the growing adoption of crypto assets.