Opinion: Stablecoin preference does not match the "root cause" of US debt

Yuyuantantian's official account published an article "Is Stablecoin a" Heart Saving Pill "for the US Dollar?", which states: According to the US vision, with the expansion of the stablecoin market, it is expected to reach 3.70 trillion US dollars by 2030, and stablecoin issuers will become one of the largest holders of US Treasury bonds. This will form a new "on-chain US bond cycle": US Treasury issues bonds, stablecoin companies buy US dollars, and US Treasury receives funds; while stablecoin companies can use the money from selling stablecoins to continue buying government bonds and issuing stablecoins.
The cycle of stablecoins will inevitably accumulate systemic risks. The deeper problem is that the preference for stablecoins does not match the "root cause" of US debt. If it cannot be properly designed, but ignores its risk attributes, and uses it as a leverage tool to increase debt, delaying the solution of the substantive problems of the US dollar itself, or even as a "sickle" to harvest other countries' monetary sovereignty, it will undoubtedly lead to risk accumulation and bring backlash to the operation of the US financial system.