Yeah plus all the outstanding debt has owners that is freely traded on the market. If a new market participant comes and bids up the price yields fall by supply and demand dynamics thus the US government can issue new debt to pay off old debt and keep yields pegged to the lower side. Plus all existing bond holders get a capital gain due to the price rise of the bond securities 

BlokchainB

econ

Theory that stablecoin issuance is an attempt to wipe out US debt

crenshaw

Basically, yeah.

As I understand the idea, it allows the government to spread out the impact of devaluing the dollar over more of the global population. So, the soft default of money printing is easier with these stablecoins.

I've seen stronger claims that didn't make sense to me about how they could do a bait-and-switch devaluation like they did after the gold confiscation, but those don't make sense to me. That would involve getting everyone on stablecoins and then changing the peg with the dollar.