Putin adviser accuses US of planning stablecoin scheme to eliminate $35 trillion debt
Russian President Vladimir Putin’s adviser, Dmitry Kobyakov, accused the US of orchestrating a crypto technique to eliminate its $35 trillion nationwide debt via the manipulation of stablecoins.
During his speech on the Eastern Economic Forum on Sept. 6, Kobyakov claimed that Washington seeks to “rewrite the foundations of the gold and crypto markets” as options to conventional forex techniques whereas addressing declining greenback confidence.
The debt downside
The adviser drew parallels to historic US debt methods from the Thirties and Nineteen Seventies, arguing America plans to remedy monetary issues “on the world’s expense.”
He said:
“The US plans to remedy its monetary issues on the world’s expense—this time by pushing everybody into the ‘crypto cloud’. Over time, as soon as half of the US nationwide debt is positioned into stablecoins, Washington will devalue that debt.”
He described a multi-stage course of the place the US would switch its forex debt into crypto devices earlier than implementing devaluation.
Kobyakov characterised this as a deliberate scheme to eliminate sovereign obligations via digital asset manipulation:
“They have a $35 trillion forex debt, they’ll transfer it into the crypto cloud, devalue it—and begin from scratch.”
The accusations come amid elevated international curiosity in stablecoins, propelled by thriving regulation within the US. In July, President Donald Trump signed the GENIUS Act into legislation, making a regulatory framework for these dollar-pegged tokens.
Strategic device
However, Kobyakov positioned crypto adoption as a strategic device reasonably than a technological innovation, suggesting that the US promotion of digital property serves debt administration aims.
The adviser warned that international crypto enthusiasm permits Washington’s alleged monetary restructuring plans.
The Eastern Economic Forum, held yearly in Vladivostok, serves as Russia’s main platform for discussing Asia-Pacific financial cooperation and various monetary techniques.
Kobyakov’s remarks replicate ongoing Russian criticism of US financial coverage and greenback dominance.
The accusations align with Russian narratives difficult Western monetary infrastructure following worldwide sanctions. Moscow has promoted various cost techniques and criticized dollar-based settlement mechanisms since 2014.
Kobyakov’s claims replicate broader tensions over international monetary structure as nations discover central financial institution digital currencies and various financial techniques.
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