💲 Stablecoins will be able to cover 1/3 of the entire US national debt.

⚡️ #ArthurHayes , former CEO of BitMEX, dug up some interesting crap in the upcoming US GENIUS law. If large banks start issuing their own stablecoins, then dead weight deposits will become a reserve for stablecoins.

💰 This way, up to $10 trillion of US national debt can be quietly financed without raising rates or bothering the Fed.

That's normal, Artur is smart. 🕺