The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.
However, the problem is real, and it has become much more acute due to interest rates rising in response to entrenched inflation.
Igor Varnavsky is the chief marketing officer of DeFiHelper, a decentralized noncustodial investment assistant that helps manage and automate DeFi investments across other protocols.