and here’s the thing now: the US gov has a MASSIVE incentive to get stablecoins to take off globally, especially outside the US. especially in ways which would represent new demand for USD and keep/entrench USD as the primary medium of exchange currency so they can keep devaluing USD to make US exports more competitive, but maybe stablecoin demand creates demand for Treasuries simultaneously to stabilize the bond market a bit would need to be at a much bigger scale for it to really work, but i wonder if they think we could get there, and quickly maybe Bessent was right and we’ll see trillions onchain in short order