According to this guy, it's all about the Genius Act. The Treasury is buying back long term debt (the price of which is determined by the market) and replacing it with short term debt (the price is determined by the Fed). Currently, the Fed price is higher, so this is a loser, meant as a temporary crutch, but it is also a plan to erase the debt using the Genius Act (which requires stable coin to be backed by US bonds). The Fed can control interest rates on these short term bonds and people from
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