Too little too late. Gross stablecoin issuance would have to go up 10x from here in a very very short period of time to have any meaningful impact on helping finance the US’s massive (and growing) fiscal deficits. And that’s just for ONE SINGLE year. NOT cumulative.

The current accumulated 100+ billion in stablecoin issuance sounds like a big number, but it is just a few weeks worth of US fiscal deficits that need financing.

If this is “their plan”, it’s a really short sighted one.

Just sayin. 🤷‍♂️