
Can digital dollars help patch America’s $35 trillion debt hole? According to Tom Lee, Chairman of Bitmine, the answer may lie in how these digital assets already work within the financial system.
He says tokens like USDT and USDC are quietly buying U.S. government bonds at a time when foreign buyers are pulling back.
In an interview with Mario Nawfal, Lee compared stablecoins to a mini debt management system. With U.S. national debt now above $35 trillion, many foreign buyers are pulling back from U.S. Treasury markets.
According to Lee, stablecoins like USDT and USDC are stepping in to fill the gap. These tokens are backed by collateral, much of which is invested in U.S. government bonds.
“When people worry the U.S. won’t find buyers for its Treasuries, it already has through stablecoins.”
This creates a cycle where stablecoin issuers help fund U.S. debt while keeping their tokens stable. Lee believes this hidden mechanism quietly adds strength and stability to the financial system.
With stablecoins now accounting for a market cap of over $250 billion, creating strong demand for U.S. dollars worldwide. Big issuers like Tether and Circle are among the biggest buyers of U.S. Treasuries, rivaling countries.
At the same time, stablecoins make payments faster, cheaper, and easier, while also giving millions of people access to U.S.-denominated financial products.
Together, these factors strengthen both global dollar demand and support for U.S. finance.
Lee then explored the bigger picture, what if the Federal Reserve introduced a true Central Bank Digital Currency (CBDC)?
A CBDC would let every American hold an account directly with the Fed. That would change how monetary policy works. Instead of relying only on interest rates, the Fed could move money in and out of these accounts directly.
For Lee, the big question is clear: if digital currencies can rewire monetary policy, could they also be part of the solution to America’s debt problem.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin has confirmed a breakout above $111,000, showing strength after several weeks of sideways movement.…
President Donald Trump’s choice of Mike Selig to lead the U.S. Commodity Futures Trading Commission…
For years, XRP has lived in the shadow of Bitcoin and Ethereum, often labeled the…
Clearly, current market conditions are gloomy and bearish, marked by a significant downturn in the…
The crypto market is showing signs of a potential rebound as key indicators start to…
The Ethereum price prediction 2025 narrative is becoming increasingly bullish as 2026 is only a…