Overview

• At the Vladivostok forum on Sept. 6, Anton Kobyakov claimed the U.S. intends to move part of its sovereign obligations into stablecoins and then devalue them to “start from scratch.”
• He argued Washington is trying to rewrite gold and crypto market rules to counter waning confidence in the dollar, comparing the approach to U.S. financial shifts in the 1930s and 1970s.
• Recent U.S. engagement with stablecoins includes July’s GENIUS Act, which set a regulatory framework, and public discussion by Treasury Secretary Scott Bessent of selling bonds via stablecoins.
• Outlets reporting the remarks note they sought comment from U.S. agencies and present the claim as political messaging without documented proof of a debt‑devaluation scheme.
• Russia has signaled its own interest in stablecoins, with state media reporting work on a ruble‑pegged token, even after previously banning crypto payments.