The Economist, in an unsigned “Special Report,” wrote that U.S. Treasury Secretary Scott Bessent’s stablecoin scheme won’t be able to bail out the US debt, even if its market reaches the most optimistic estimates of 2 trillion dollars (more sober estimates, based on the non-growth of the market in the past months, set the value at 500-750 billion by 2027).
Economist Magazine: the Emperor (US Debt) Has No Clothes
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