It is well known how the US Treasury depth has grown in the past two years. It was already growing quite fast two years ago but the pandemic only increased the growth pace. You can see the progress in this chart showing the growth since 1950.
This other chart clearly shows the past months growth when the pandemic appeared.
For those interested in seeing live data, just head over this site and you will see how the counter keeps growing.
Last night, Treasury Secretary Yellen just announced, the government will run out of cash on October 18th creating a country default if the debt limit is not increased by congress.
The pace of events seems to start moving faster and faster to make massive crypto adoption a need to solve the global debt problems.