Billionaire and Cost Plus Drugs co-founder Mark Cuban has come up with an out-of-the-box idea to finance the US national debt payments.
He said that the US government could take advantage of the hype around meme tokens and launch its own meme asset similar to TRUMP. Cuban recommends using all proceeds from its sale to pay off the US national debt.
He also suggested making the memcoin wallet address public so that investors could track its flows.
If you want to play memecoins, play them. But at least use them to put a dent in the US debt, the billionaire wrote to traders who are actively investing in memecoins.
The US Treasury Department says the country's national debt currently stands at nearly $36 trillion. Even if Mark Cuban's meme token will behave in the same way as Official TRUMP, its impact will be minimal. At best, it will help reduce about 0,03% of the total government debt. Given that the token price usually decreases when sold, the actual contribution to the debt will likely be even less.
