Quote from: Alpha Marine on Today at 11:04:47 AM

How are gold and stablecoins going to devalue the total debt of the US? I don't understand.

Quote

“As in the 1930s and the 1970s, the US plans to solve its financial problems at the world’s expense — this time by pushing everyone into the ‘crypto cloud,’” Kobyakov said.

So if the world goes into the crypto cloud, how is that going to help the US debt? Or does he mean that when there is demand for stablecoins, it will affect the dollar and cause a demand for the dollar? I genuinely don't understand and would like to understand the POV of this claim.

I think this post should be in the "Economy" board because it's not bitcoin-related, but economy and stablecoins.

Stablecoins are now forced by legislation to buy US treasury bills. So yeah, stablecoins are buying us debt.

This can help US a little bit, but wont solve the debt problem