i thought so too but no bill is coming due anytime soon. they found new buyers for the debt: the global population. that’s what the stablecoin bill is about. every stablecoin minted out of thin air must hold a 1:1 ratio of USD T-bills.

example: someone in a country with a collapsed currency converts what’s left into USDT, Chasecoin, BofAcoin, etc. those coins then buy the same amount in US T-bills.