US Debt, Stablecoins, and the Quiet Reset
There was a time when reaching $20T USD in debt was a dreaded event in the market. Now that the debt of the US is just $3T USD short of doubling the previous number, it appears that the market is just taking what was once fearsome for granted.
Now, with the advent of cryptocurrency, especially the USD-backed stablecoins, A Russian advisor is accusing the US of using stablecoins to reset its national debt.
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He misunderstood the objective.
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