If Tether wants to solve the problem of U.S. national debt, is this the logic? Today I read an article that I felt was well-written.

After Tether obtains U.S. dollars and issues an equivalent amount of USDT, 80% of the main dollar reserves are used to purchase U.S. national debt...

In this process, USDT is created out of thin air, and the U.S. dollars also have actual purchasing power and have become assets;

In other words, 1 U.S. dollar actually becomes 1 USDT and an equivalent U.S. national debt;

Here comes the problem:

If USDT does not enter the circulation of the U.S. economy and only operates in the cryptocurrency market, then this mechanism has no issues...

But if USDT enters the economic circulation of the U.S., some Americans can easily use USDT for payments, then it is equivalent to Tether itself taking U.S. dollars out of the market and returning them to the market in the form of USDT;

At the same time, there is also 1 U.S. dollar that goes to purchase national debt...

I wonder if you’ve noticed the problem?

This is equivalent to creating 2 U.S. dollars with 1 U.S. dollar!!!

The same logic applies to the financial operations of Alipay and Ant Financial back then, which are similar to cycles plus multiple leverage...

Due to the existence of dollar stablecoins, as 1 U.S. dollar creates 2 U.S. dollars of currency, the newly added 1 U.S. dollar may also partially turn back into stablecoins, creating more new liquidity...

This could lead to a stablecoin issuance company becoming a small central bank... or a small Federal Reserve...

Thinking further becomes quite alarming; if Trump vigorously promotes the strategy of stablecoins to allow the domestic economy to accept the flow of stablecoins, then with just a few simple operations, a large amount of U.S. dollars circulating internally can be turned into stablecoins, while also using these U.S. dollars to purchase national debt, completing the ultimate debt reduction!

In that case, stablecoins and U.S. dollars would become the new mainstream currency, flowing within the U.S. without causing inflation, and the U.S. dollars in the hands of the American people would indeed turn into national debt!

The U.S. would also become the world's first country to widely adopt stablecoins, which aligns with what Trump said about "ensuring blockchain innovation happens in the U.S."...

I wonder what everyone thinks about this bold statement?

Is this a feasible "debt reduction" plan?