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Will stablecoins save the United States from the public debt that has now risen to 37 trillion dollars?
Last February, speaking at the Future Investment Initiative in Miami, American President Donald Trump reiterated his desire to make America "the world's capital of cryptocurrencies," including stablecoins. An economic revolution to be built brick by brick.
In the large U.S. construction site on crypto, the first stone just laid is anything but symbolic, represented by the Guiding and establishing national innovation for U.S. stablecoins (Genius Act). This is the package of regulations that, with the approval of the House of Representatives (expected in a few weeks), is set to introduce the first attempt at complete federal regulation for stablecoins into U.S. law, namely cryptocurrencies whose value is pegged to another asset, such as a fiat currency or gold.
Moreover, it has not escaped observers that stablecoins are becoming 'greedy' buyers of T-bonds, the long-term debt securities issued by the U.S. government with maturities exceeding 10 years.
Source: 👇
https://www.wired.it/article/stablecoin-genius-act-dolloro-debito-stati-uniti-donald-trump