‘Stablecoins’ are an outdated term from crypto’s early years: a16z Crypto

Burns Brief

John Palmer, a developer and brand adviser, said it "feels like a bug" to call them stablecoins and that they should have a self-defined and non-reactionary name Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.