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49 sats \ 0 replies \ @BlokchainB 6h \ parent \ on: Theory that stablecoin issuance is an attempt to wipe out US debt econ
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