Arthur Hayes revealed the prospects of stablecoins for repaying the US national debt
Arthur Hayes believes that stablecoins could become a key tool for financing American debt.
The Treasury faces the necessity of selling bonds worth $5 trillion without raising yields.
Hayes argues that tokenized bank deposits, such as JPMD from JP Morgan, could unlock trillion-dollar demand for debt securities.
As a result, Bitcoin will benefit from an increase in dollar supply and a decline in real yields.