Imagine if Trump printed a trillion to buy bitcoin .. and issued a stable USD through tap root assets ...
BTC price will easily rise 35 times on this news
.. effectively he will be able to payback 35 trillion through Fed issued stable USD .. or at least give a choice to debtors - keep the debt in fiat USD (as is) or take bitcoin backed stable USD ..
It is just an example - bringing soverign currencies to peg bacl on hard assets ( gold or btc) is a tough problem ..