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
Speaking of Treasury bills, does it really solve any issue?
I mean, treasury bills are like debts the governments take from investors, and if you take a debt to pay back, you have to invest the money, make a profit, keep the profit for yourself and pay back the debt you took. So, if the government takes on this debt and, in its usual fashion, spends it (instead of investing it), how will it pay back? They will either pay back from other revenues like taxes, or they will pay from money borrowed. They can also pay from newly issued T-bills. So does this solve anything about the total national debt, or does it make it worse?