The US’s national debt is in excess of $36 trillion and still climbing; with over $14 trillion in bonds maturing soon, Uncle Sam faces a brutal refinancing bill. Enter stablecoins: digital dollars backed by US Treasuries. If Trump can lure stablecoin buyers, this could help soak up new debt and keep rates from spiralling. But this is a band-aid plaster - not a cure without real budget fixes - risk is therefore rising. Recent credit downgrades and political gridlock mean that, if confidence slips, borrowing costs could rocket higher whereby squeezing the economy. Stablecoins might buy time, but they cannot solve America’s debt addiction. Real fiscal reform is still required surely?