Stablecoin rails and onchain tokenization enabled by the Clarity Act could help address the U.S. federal deficit by bringing offshore capital onshore.

"Digital credit, in Metaplanet's telling, could open the door to those smaller firms. Onchain infrastructure would bridge traditional capital markets and blockchain rails, cut the manual work, and give issuers a path to raise money that a public bond sale did not offer them."

"Stablecoin rails and onchain tokenization, he said, are among the few realistic ways to bring offshore capital onshore to offset that pressure."