Washington just found a new buyer for its debt. It runs on crypto.

The stablecoin market is worth about $300 billion, and by law every $1 issued is backed by roughly 80 cents of Treasury bills. Treasury Secretary Bessent says it could grow toward $4 trillion. At that size, stablecoins would hold about a quarter of all T-bills outstanding by 2030.

Here is the real game. As the national debt passes $40 trillion, the Treasury needs structural demand for its paper. Stablecoins are becoming a captive buyer. Every dollar that flows into crypto is now a dollar helping fund the deficit.

$CRCL

Washington just found a new buyer for its debt. It runs on crypto.

The stablecoin market is worth about $300 billion, and by law every $1 issued is backed by roughly 80 cents of Treasury bills. Treasury Secretary Bessent says it could grow toward $4 trillion. At that size,… pic.twitter.com/Ao7jZTUhXx

— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 25, 2026