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Theory that stablecoin issuance is an attempt to wipe out US debt \ stacker news ~econ
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Theory that stablecoin issuance is an attempt to wipe out US debt \ stacker news ~econ
I've been hearing chatter about this for the last few months ever since the Circle IPO: the theory being that the US mainly wants stablecoin issuers like Circle to thrive so there is massive market for US treasuries as demand wanes in the traditional system. My question is what is the mechanism by which the US can reduce/dissolve its debt via this route?
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