Billionaire Mark Cuban has thrown out an interesting idea: creating a memecoin to help tackle the U.S. national debt. He believes that if people want to invest in these meme-based tokens, they could actually make a difference.

On January 21, Cuban mentioned that if memecoins are the way to go, he might launch one similar to the official memecoin from former President Donald Trump. He plans for this token to follow the same rules and release schedule as Trump’s. The key difference? All the money raised would go straight toward paying down the national debt.

Cuban also promised to make the wallet address public. This way, everyone can track how much is being contributed. He encourages those who enjoy taking risks with meme tokens to think of it as a way to help reduce the national debt. “If you want to gamble, gamble,” he said, “but at least use it to make a dent in the U.S. debt.”

Even though the U.S. government has had a rocky relationship with cryptocurrency, the new president seems to be warming up to it. Trump has not only launched official non-fungible token (NFT) projects but has also entered the memecoin game.

Just days before his inauguration, on January 18, Trump released his official memecoin, called Official Trump (TRUMP). It soared to a market cap of $14.5 billion within a day. However, it has since dropped by nearly 50%, currently trading at around $38.56, according to CoinGecko.

First Lady Melania Trump has also joined the memecoin trend with her token, Official Melania (MELANIA). It started strong, hitting a market cap of $6 billion at launch, but has since fallen to about $680 million, as reported by CoinGecko.

The U.S. Treasury Department states that the national debt has reached nearly $36 trillion over the years. While Cuban's idea may not be a serious proposal, it certainly highlights the enormity of the debt issue.

Even if Cuban's memecoin performed as well as Trump's and managed to maintain its value, the actual impact on the national debt would be minimal. It might only reduce about 0.03% of the total debt. Plus, since token values usually drop when sold, the real contribution would likely be even smaller.