Putin's Advisor: US Stablecoin Push Is Part of a $37 Trillion Debt-Ending Scheme

As part of a press briefing at the Eastern Economic Forum, Anton Kobyakov, an adviser on Putin’s policies, accused the U.S. of attempting to use stablecoins and gold to devalue its public debt and start anew, thereby rewriting the rules of the cryptocurrency system in the process.

Putin’s Aide Claims U.S. Stablecoin Enthusiasm Is a Trojan Horse to Fix Its Debt

While many have welcomed the enthusiasm of the Trump Administration’s push for crypto and stablecoins, linking it to a genuine interest in the rise of a new financial system, others are wary of the actual objectives behind this move.

Anton Kobyakov, a close advisor to President Vladimir Putin’s administration since 2014, claims that the inclusion of cryptocurrency and stablecoins as a pivotal part of U.S. financial policy is a strategy to address the $37 trillion public debt crisis.

In a press briefing at the Eastern Economic Forum, one of the most relevant economic events of its kind in Russia, Kobyakov accused the U.S. of scheming to rewrite the rules of crypto and gold, using these two as a Trojan horse to wipe its debt clean.

Kobyakov stated:

The U.S. plans to solve its financial problems at the world’s expense—this time by pushing everyone into the “crypto cloud.” Over time, once part of the U.S. national debt is placed into stablecoins, Washington will devalue that debt.

Kobyakov predicted that the debt would be put into crypto, to devalue it and start “from scratch.” “That’s the reality for those who are so enthusiastic about crypto,” he concluded.

While Russia has been slowly building a cryptocurrency regulatory framework at the request of President Putin, targeting international payments with these tools, it has also reinforced that cryptocurrency payments are not allowed on Russian soil. There is even an ongoing regulatory effort to establish fines for companies and individuals using crypto for payments.

In contrast, the Trump Administration has embraced stablecoins, placing them front and center in the country’s push to expand dollar hegemony internationally.

Read more: $37 Trillion and Counting: America’s Debt Spiral Has No Brake Pedal

Read more: Understanding the GENIUS Act: US Stablecoins Revolution