Stablecoins: The $9T Punchline to Capitalism’s Joke
In their crypto arm’s latest opus, titled “The new stack for global finance: Stablecoins edition,” a16z declares stablecoins “no longer just a payment rail” but “the foundation of a new economic operating system for global finance.” Ah, the sweet serenade of disruption-until you realize the disruptors are now the disrupted. The essay paints a picture of a modular stack where wallets, orchestration services, and credit networks plug into programmable dollars on public blockchains. How very… efficient.







