Putin Advisor Accuses U.S. of Using Stablecoins for Debt Management Strategy

Anton Kobyakov, a key adviser to Russian President Vladimir Putin, has leveled sharp criticism against the United States, alleging that its embrace of stablecoins is a strategic MOVE to manage its $37 trillion public debt. Speaking at the Eastern Economic Forum, Kobyakov framed the U.S. government's interest in stablecoins—digital currencies often pegged to assets like the dollar or gold—as a calculated effort to devalue its debt obligations and reset its economic footing.

The remarks underscore growing geopolitical tensions around cryptocurrency's role in global finance. Kobyakov suggested that stablecoins could enable the U.S. to depreciate traditional debt without immediate market repercussions, potentially rewriting the rules of the crypto ecosystem. The accusation reflects broader concerns about how major economies might leverage digital assets to navigate fiscal challenges.