Putin adviser accuses US of planning stablecoin scheme to eliminate $35 trillion debt

Core Insights - Russian President Vladimir Putin's adviser, Dmitry Kobyakov, accused the US of manipulating stablecoins as part of a strategy to manage its $35 trillion national debt, suggesting that this approach would come at the expense of other nations [1][3][4] Group 1: US Debt Strategy - Kobyakov claimed that the US is attempting to "rewrite the rules of the gold and crypto markets" as alternatives to traditional currency systems, particularly in light of declining confidence in the dollar [2] - He drew historical parallels to US debt strategies from the 1930s and 1970s, arguing that the US plans to resolve its financial issues by pushing global economies into the "crypto cloud" [3] - The adviser outlined a multi-stage process where the US would transfer its currency debt into crypto instruments before implementing devaluation, effectively devaluing its national debt [3][4] Group 2: Crypto as a Strategic Tool - Kobyakov characterized the US promotion of digital assets as a strategic tool for debt management rather than a technological innovation, warning that global enthusiasm for crypto could facilitate Washington's alleged financial restructuring plans [5] - The Eastern Economic Forum serves as a platform for Russia to discuss economic cooperation in the Asia-Pacific region and alternative financial systems, highlighting the geopolitical implications of these discussions [5] Group 3: Criticism of US Monetary Policy - Kobyakov's remarks reflect ongoing Russian criticism of US monetary policy and the dominance of the dollar, aligning with narratives that challenge Western financial infrastructure following international sanctions [6] - Since 2014, Moscow has promoted alternative payment systems and criticized dollar-based settlement mechanisms, indicating a broader tension over global financial architecture [6]