January 2025: "Don't worry about the $2 trillion deficit and the rising national debt. We are going to grow our way out of it with 5% Real GDP."
Today: "Wait till next year."
BREAKING: Total US federal debt is now up to a record $39.4 trillion, rising +$3.2 trillion over the last 12 months.
Since 2020, US federal debt is now up a massive +$16.3 trillion.
This marks a +$2.5 trillion average annual increase, or +$209 billion per month.
At this pace, total US debt will surge to $50.0 trillion before 2030.
The US debt crisis has no end in sight.
JUST IN: @Circle receives OCC approval for a national trust bank charter, placing $USDC infrastructure under direct federal oversight for the first time.
Moving money globally shouldn’t mean high fees or losing control of your reserves. 🌐 We are announcing Open USD, a new stablecoin, to our retail and corporate clients to change how finances work hand in hand with @openstandard and other partners.
"Just as the internet gave the world a common way to share information, stablecoins are creating a common way to move money." - @anthonysoohoo
That's why we're joining @openstandard
The future of money movement will be built on shared infrastructure. We're excited to help build a more open, interoperable financial system that will give billions of people better access to money, wherever they are 🌍
Stablecoins are becoming an increasingly important part of global financial infrastructure.
Today, Mastercard is supporting @openstandard and Open USD - an effort to help build more open infrastructure for digital money.
We believe unlocking the full potential of stablecoins will require trusted networks, broad participation, and collaboration across the industry.
Excited to help build what's next.