@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article. I’ll first use the web browser to retrieve the content.
TLDR: 
Stablecoins are the US Treasury’s secret weapon to fund massive government debt and keep financial markets afloat!
Key Points:
Big banks can unlock $6.8 trillion in T-bill purchasing power through stablecoins
Potential to reduce bank compliance costs by $20 billion annually
Stablecoin strategy could pump TBTF bank stocks by 184%
Government regulation ensures banks, not tech companies, control the stablecoin market
In-depth summary:
Arthur Hayes, in his characteristically provocative style, dissects the US Treasury’s latest financial maneuver involving stablecoins. The core thesis is that stablecoins are not just a technological innovation, but a sophisticated financial instrument designed to solve critical government funding challenges.
The US Treasury faces enormous challenges in funding massive federal deficits - approximately $2 trillion yearly - while maintaining low bond yields and supporting financial markets. Traditional methods like quantitative easing are no longer viable, so they’ve engineered a clever workaround using stablecoins issued by Too Big To Fail (TBTF) banks.
By creating bank-issued stablecoins like JP Morgan’s JPMD, the government can potentially unlock massive liquidity. These digital assets offer banks a way to reduce compliance costs, create more efficient deposit systems, and most crucially, purchase vast amounts of Treasury bills. Hayes estimates this could generate up to $6.8 trillion in treasury buying power, effectively monetizing government debt through a blockchain-based mechanism.
ELI5:
Imagine the government has a big piggy bank that’s running low on money. Instead of asking people to put more money in directly, they’ve created a special digital coin that banks really want to use. When banks use this coin, they help fill up the government’s piggy bank without everyone noticing! 
Writer’s main point:
The stablecoin revolution is not about financial freedom, but a sophisticated debt monetization strategy that keeps government spending sustainable and financial markets inflated.