Mark Cuban Considers Memecoin to Tackle US Debt

Cuban suggested that if people wanted to gamble on memecoins, they could at least put their money to good use.

He proposed using a memecoin to help “make a dent” in the country’s $36 trillion debt.

Cuban Draws from Trump’s Memecoin for Debt Plan

Drawing inspiration from Donald Trump’s memecoin, Cuban said his token would follow a similar structure, with all the proceeds directed toward paying down the national debt. He even promised full transparency, stating that the wallet address would be publicly posted for people to track how their contributions are helping. “If you want to gamble, gamble. But at least use it to make a dent in the US Debt,” he quipped.

Cuban’s comments come after the launch TRUMP memecoin on January 18, just days before his inauguration. The token soared to a market cap of $14.5 billion on its launch day, though it has since dropped by nearly 50%, now trading at approximately $38.56. Meanwhile, First Lady Melania Trump also got in on the action with her token, Official Melania (MELANIA), which peaked at a $6 billion market cap but has since fallen to $680 million.

While Cuban’s potential memecoin may not be a serious proposal, it sheds light on the enormity of the U.S. debt crisis. According to the U.S. Treasury Department, the national debt currently stands at nearly $36 trillion. Even if Cuban’s memecoin performed similarly to Trump’s and maintained its value, the impact on the national debt would be minimal—at best, reducing it by 0.03%. And with memecoin values often plummeting when sold, the actual contribution could be even smaller.

Cuban’s idea, whether joking or serious, highlights a hard truth: tackling the national debt is no small feat. While memecoins may provide a fun distraction for investors, they are hardly a silver bullet for one of the country’s most pressing financial issues.

Disclaimer

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