Putin’s Adviser: US Using Crypto to Wipe Out Debt
Russian President Vladimir Putin’s adviser, Dmitry Kobyakov, accused the United States of planning to use crypto—especially stablecoins—to get rid of its massive $35 trillion national debt.
Speaking at the Eastern Economic Forum on September 6, Kobyakov said Washington wants to “rewrite the rules” of gold and crypto markets as the world begins to lose trust in the US dollar.
US Debt Strategy
Kobyakov compared this to how the US handled financial problems in the 1930s and 1970s, claiming America always tries to solve its debt issues at the expense of other countries.
According to him, the plan is:
- Move part of the US debt into stablecoins.
- Devalue that debt through crypto manipulation.
- Start fresh while shifting the burden onto the global financial system.
“They have a $35 trillion debt, they’ll move it into the crypto cloud, devalue it—and begin again,” he said.
Crypto as a Political Tool
Kobyakov argued that the US is not promoting crypto just as a technology, but as a strategic tool to manage its financial problems.
His warning comes as stablecoins gain popularity worldwide, especially after President Donald Trump signed the GENIUS Act in July, setting rules for dollar-backed tokens.
Russia’s Response
The forum where Kobyakov spoke is Russia’s main platform for discussing Asia-Pacific cooperation and alternatives to Western financial systems.
Russia has long criticized US financial dominance and pushed for new payment systems since facing international sanctions in 2014.
Kobyakov’s remarks highlight the growing global debate on whether crypto, central bank digital currencies (CBDCs), and other alternatives could reshape the future of money.
