Crypto is saving the US Treasury. One of the fastest-growing buyers of US Treasuries? Stablecoin issuers. By law, they must back their tokens with cash and liquid assets — including short-term Treasuries. Now follow the money. Treasury buys back long-term debt.
Long-term yields fall.
Money flows into risk assets.
Crypto pumps.
Crypto pumps → stablecoin supply explodes.
Stablecoin issuers recycle those fresh dollars into short-term Treasuries.
Treasury gets the cash.
More buybacks. And the loop starts again. Never underestimate the government’s ability to finance the system — or to screw everyone else in the process. Crypto isn’t escaping the debt machine.
It’s becoming part of the machine that keeps it running. #stablecoin #UST #debt