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4w ago

Kremlin Adviser Alleges U.S. Stablecoin Scheme To Devalue $35 Trillion Debt

Analysts say the claim lacks evidence, given the far smaller size of stablecoin markets.

U.S wants to use stablecoins, gold to devalue its $35T debt, warns Russia 
Photo: Carlos Barria
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Overview

  • Anton Kobyakov made the allegation on Sept. 6 at the Eastern Economic Forum in Vladivostok, asserting the U.S. would shift part of its sovereign debt into stablecoins and then devalue it in a “crypto cloud.”
  • Multiple outlets report that no U.S. plan has been presented or verified, with coverage describing the statement as an accusation rather than documented policy.
  • Recent U.S. policy provides context: in July President Donald Trump signed the GENIUS Act, which regulates dollar-pegged stablecoins and requires backing with cash and short‑term Treasuries.
  • Market data cited by reporters point to a scale mismatch, noting a stablecoin market in the high‑$200 billions and roughly $7.4 billion in tokenized Treasuries versus U.S. debt in the mid‑$30 trillions.
  • Reports also note Russia’s own digital‑asset push, including exploration of ruble‑backed stablecoins and broader efforts to build alternatives to dollar‑based settlement systems.