Russia Slams US Stablecoin Policy as ’Unfair Tactic’ to Slash National Debts
Washington's digital dollar play sparks global fury—Moscow calls it economic warfare in disguise.
The Geopolitical Standoff
Kremlin officials blast America's stablecoin strategy as a debt-dumping scheme masked as innovation. They argue pegged digital currencies let the Fed manipulate monetary policy without accountability—undermining sovereign economies worldwide.
Financial Domination 2.0
Dollar-pegged stablecoins now bypass traditional banking systems, handing the US unprecedented control over global liquidity. Russia claims this creates shadow leverage—letting America export inflation while other nations bear the consequences.
New Cold War, New Weapons
Moscow isn't just complaining—it's accelerating its CBDC development to counter dollar dominance. Because nothing says 'financial sovereignty' like creating your own centrally controlled digital currency while criticizing others for doing the same.
Meanwhile, crypto markets shrug—another day, another nation realizing monetary policy is just fiscal policy with better PR.
Russia’s US Advisor Points to Debt Strategy
Kobyakov argued that the United States is exploring new ways to manage its $35 trillion debt. He said, “The US is changing rules in both the gold and cryptocurrency markets to counter falling confidence in the dollar.”
Russia just accused the US of using crypto to wipe out its $35T debt.
Putin’s adviser Kobyakov says Washington will shove debt into stablecoins, devalue it, and reset the system.pic.twitter.com/IwmiLYp2ic
According to Kobyakov, the government could place part of its debt in stablecoins, which he described as a “crypto cloud.” By doing so, he claimed, the US WOULD reduce the value of its debt and begin “from scratch.” He also compared the approach to past US strategies during the 1930s and 1970s, when global financial adjustments shifted costs onto other nations.
Kobyakov emphasized that Gold and stablecoins represent alternative currencies for global markets. He suggested that by integrating them, the US seeks to protect its position in a changing monetary landscape.
For this point, US Treasury Secretary Scott Bessent also agrees that digital dollar-pegged assets could strengthen, not weaken, the dollar’s role worldwide.
US Legislation and Global Reactions
In July 2025, President Donald TRUMP signed the GENIUS Act, a framework for issuing and trading stablecoins backed by fiat or collateral such as US Treasuries. Supporters argue the move gives regulatory clarity and preserves the dollar’s influence in global markets.
At the same time, Russia is taking a different path. The government plans to issue a ruble-backed stablecoin, A7A5, on the Tron blockchain. Moscow sees the project as a way to reduce dependence on dollar-based assets like Tether (USDT) in cross-border payments.
Kobyakov said these parallel strategies highlight a shift in global finance. While the US explores digital assets to manage debt, Russia is trying to build an independent payment network. Both approaches show how crypto is increasingly part of international financial competition.
