The US needs buyers for its debt... and stablecoin issuers often back their stablecoin reserves with US Treasury bonds to generate passive returns.
US Treasury bonds are considered equivalent to the dollar.
In the image here, we see that the company Tether, behind USDT, is among the top 20 largest holders of US Treasury bonds. It's hard to believe... but stablecoins can help the US continue its debt-backed market.
