The label stablecoin is failing to keep pace with technological progress, Cointelegraph reported on May 4, citing Robert Hackett (로버트 해킷), head of special projects at a16z crypto.

Hackett said in a report that the term stablecoin was created in crypto’s early days, when extreme price volatility dominated the market, to refer to tokens meant to maintain stable value and be used for everyday financial transactions. "Stability is now a basic prerequisite, not the core," he said. "The question now is not 'Will it hold its value?' but 'What can you build with it?'"

Developer and brand adviser John Palmer (존 팔머) made a similar argument. He said the name stablecoin "feels like a bug" and that stablecoins will have 10 times the impact of what crypto has had so far and deserve a name that defines themselves.

Hackett said alternative labels such as "digital cash" or "programmable money" better capture the essence of the technology behind stablecoins but are too awkward to use. He said terms that take hold early in new technologies tend to persist, as email kept its name despite working differently from traditional mail, and car engine output is still expressed in horsepower. He added that stablecoins could follow the same path, and terms such as "digital dollar" and "digital euro" could gradually take hold.