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The stablecoin evangelist: Katie Haun’s fight for digital dollars
In 2018, when Bitcoin was trading around $4,000 and most Americans, at least, thought cryptocurrency was a fad, Katie Haun found herself on a debate stage in Mexico City opposite Paul Krugman, the Nobel Prize-winning economist who had dismissed digital assets as near worthless. As Krugman focused on Bitcoin's wild price swings, Haun steered the conversation toward something else — stablecoins.
In 2018, when Bitcoin was trading around $4,000 and most Americans, at least, thought cryptocurrency was a fad, Katie Haun found herself on a debate stage in Mexico City opposite Paul Krugman, the Nobel Prize-winning economist who had dismissed digital assets as near worthless. Despite her role at a16z and the industry connections that came with it, the two haven’t publicly co-invested in anything since early2022, shortly after she launched her fund, and Haun, who joined the board of Coinbase in 2017, stepped off it last year, while Marc Andreessen, who took colleague Chris Dixon’s seat in 2020, remains a director. Corruption concerns in particular came into sharp focus recently when President Donald Trump’s family issued its own stablecoin, a move that highlighted potential conflicts of interest in an industry where political influence can directly impact market value and regulatory outcomes.
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