Crypto’s future is starting to look more like a global financial system and less like a speculative playground, according to Andreessen Horowitz. In its State of Crypto 2025 report, a16z analysts argue that the industry has entered a new era shaped by infrastructure upgrades, regulatory clarity and deeper ties with traditional finance. Among the most important trends for the coming year: stablecoin growth, real-world assets moving onchain, and new intersections with artificial intelligence (AI). Stableco ...