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"The article highlights the growing demand for US debt from stablecoins, which hold over $95 billion in US Treasury bills. It also mentions the reduction of China's exposure to US debt and the emergence of stablecoin issuers as potential buyers. The Hoover Institution report suggests that the US should lead the digital currency space, and stablecoins could pave the way for America to regain its economic influence. Additionally, the article explores the possibility of Bitcoin solving the US national debt problem, but notes that it is less likely due to the limited supply of Bitcoin."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqfupvkfgd5pazlt7lr0zqhmsnvrd87xmgwec5y356qnctzdmkvz9qjj8vg8\nCOULD CRYPTO SAVE THE U.S. FROM A DEBT CRISIS, WILL IT PUSH BITCOIN ABOVE $150K?\n\nhttps://crypto.news/app/uploads/2024/11/crypto-news-Bitcoin-Candidates-Win-US-Congress-option03.webp\n--\n✍️ The article discusses the potential of stablecoins to absorb US debt and the role of the US in leading the digital currency space. It also explores the possibility of Bitcoin solving the US national debt problem.\n--\n👉 Dollar-backed stablecoins hold over $95 billion in US Treasury bills\n👉 Stablecoins could absorb US debt through consistent demand for treasury bills\n👉 The US should lead the digital currency space, according to the Hoover Institution report\n👉 Stablecoins could pave the way for America to regain its economic influence\n👉 Bitcoin may not be able to solve the US national debt problem due to its limited supply\n\n--\n#Ryan #CynthiaLummis #China #Japan #mainstream #technology\n--\nnostr:nevent1qvzqqqqqqypzqnczevjsmgr697ha7x7yp0hpxcx60udksan3gfrf5p8skymhvcy2qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqye3nc5ljejee9gja2630n8qq2g453mg0yekj68p3tlstnuedw9pqkuanms \n ",
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