The rising US debt is causing substantial worry among economists and financial experts. BlackRock CEO Larry Fink also highlighted his concerns about the rising US debt in a letter to shareholders. The world’s richest person, Elon Musk, also stated that dealing with the US debt should be a priority for the government. While many talk about dealing with the rising US debt, Debtcoin (DEBT) is taking matters into its own hands. The memecoin redirects trading fees to the US treasury, bringing down the US debt one step at a time.
How Is Debtcoin (DEBT) Bringing Real-World Change With The US Debt?
Memecoins have often been shunned for not having any real-world applications. This is where DEBT changes the memecoin narrative. The project was inspired by an X post by billionaire investor Mark Cuban. Cuban stated that he would also create a memecoin, but the only difference is that the revenue would go to the US Treasury. Cuban said, “If you want to gamble, gamble. But at least use it to make a dent in the US Debt.”
A similar sentiment was shared by Neeraj Agarwal. Agarwal stated that one could imagine a memecoin that sets aside some funds that go towards the national debt. Agarwal’s post received a reply from Solana co-founder Anatoly Yakovenko. The idea led to the creation of the Debtcoin (DEBT) on the Solana network.
The project also founded the Debt Academy. This is a novel initiative that funds educational content around debt and economics.
Real-World Impact Using Memecoins
DEBT is a SOL-based memecoin that directs its trading fees to the US treasury using the Pay.gov portal. Since its debut in July 2025, the project has donated $175,000 towards lowering the US debt. Every donation is public and transparent. Each transaction towards the cause has a government-issued tracking ID and a PayPal or Pay.gov receipt.
Every trade generates creator fees. The fee goes to the DEBT treasury wallet. The treasury wallet accumulated fees in SOL and DEBT coins. The SOL coins are converted to USDT and sent to the US Treasury. The DEBT tokens, on the other hand, are permanently burned, bringing more value to the circulating coins. The project has burned a total of 8,913,683 DEBT coins so far, which accounts for about 0.89% of the total supply.
Unlike other memecoin projects that rely on hype, Debtcoin (DEBT) blends meme culture with civic engagement. The project has brought a novel facet to the memecoin industry.
To learn more about Debtcoin (DEBT), visit their website, X page, the Debt Academy website, or the Debt Academy X page.
DISCLAIMER: THIS IS A SPONSORED POST