Key Takeaways:
- Russian adviser Anton Kobyakov accused the US of using stablecoins and gold to manage its $37 trillion debt and manipulate global financial systems.
- The US is advancing its stablecoin strategy with legislative support like the GENIUS Act, and proposals such as acquiring Bitcoin to back debt.
- Russia is countering US dominance by launching its own ruble-backed stablecoin, signaling a shift in its stance on digital assets.
At the Eastern Economic Forum in Vladivostok, Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, accused the United States of using stablecoins and gold to strategically devalue its $37 trillion national debt.
He argued that Washington is attempting to “rewrite the rules” of global finance, drawing parallels to historical resets in the 1930s and 1970s, and suggested the U.S. is pushing the world into a “crypto cloud” to shift its fiscal burdens abroad.
JUST IN: 🇷🇺 Russia slams 🇺🇸 US stablecoin push.
— Bitcoin News (@BitcoinNewsCom) September 8, 2025
Special adviser to Putin, Anton Kobyakov, says it’s a scheme to shove $35T debt into crypto, devalue it, and reset the system.
pic.twitter.com/nuCQ1Zdy6z
Kobyakov claimed the U.S. might even shift portions of its debt into USD-pegged stablecoins, though he offered no clear mechanics.
His remarks come as U.S. lawmakers debate the Bitcoin Act, introduced by Senator Cynthia Lummis, proposing the government acquire 1 million BTC over five years as a long-term reserve.
While Russian officials view these moves as manipulative, U.S. policymakers present stablecoins as tools to strengthen dollar dominance and boost demand for U.S. debt.
President Donald Trump recently signed the GENIUS Act to regulate stablecoins, while Russia pursues its own ruble-backed stablecoin A7A5, aiming to reduce reliance on Tether and expand crypto-based trade.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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