The Stablecoin Bill is meant to help the US with its debt?
Like how the gold standard used to issue dollars, now you can exchange 1 USD for 1 magnesium bond or 1 USD for 1 USD in BTC.
Stablecoins are somewhat like a new era 'digital gold standard'. In the past, the dollar was backed by gold; now, if the legislation passes, the US could back 1 USD with US bonds, and in the future, it may even back it with Bitcoin, achieving a 'new asset-backed standard'. This is actually an extension of the US financial strategy, stabilizing the position of the dollar while using stablecoin institutions to purchase US bonds to manage debt. In simple terms, it's about using this new blockchain system to replay the traditional financial game, changing the shell but not the core.
