Putin Adviser Accuses US of Stablecoin Scheme to Erase $35 Trillion Debt

Russian President Vladimir Putin's economic adviser, Dmitry Kobyakov, has leveled explosive allegations against the United States, claiming Washington plans to manipulate stablecoins to eliminate its $35 trillion national debt. Speaking at the Eastern Economic Forum, Kobyakov framed this as a deliberate strategy to transfer currency obligations into crypto instruments before engineering a devaluation.

The accusations emerge as stablecoins gain global traction amid advancing US regulation. Kobyakov drew historical parallels to US debt management tactics, suggesting America seeks to "rewrite the rules" of asset markets as confidence in traditional systems wanes. "They'll MOVE it into the crypto cloud, devalue it—and start from scratch," he asserted, characterizing the alleged plan as financial imperialism at global expense.