A senior adviser to Russian President Vladimir Putin claimed that the United States is preparing to use cryptocurrencies – specifically Stablecoins US dollar – gold on the end of the value of “gold” in the end. Speaking at the Eastern Economic Forum in Vladivostok, Anton Kubakov frame Crypto and Gold as “alternative currencies” of the system that focuses on the dollar and argued that Washington aims to harness them to address what he called the confidence crisis in the green back.
“Currently, the United States is trying to change the rules related to the gold markets and encrypted currencies. Just think about its debts – 35 trillion dollars. There are two alternative works for the global market.”
He added: “Washington’s actions in this direction clearly show one of the main American goals. They want to solve the problem of reducing the dollar confidence. The United States, as it was in the 1930s and 1970s, will solve its financial problems at the expense of the whole world, which prompted everyone to the cryptocurrency cloud.”
The most arrested claim in Kobyakov was operation: “Over time, when part of the US government debt is placed in Stablecoins, the United States will meet this debt. In other words, they have debts worth $ 35 trillion, it pushes it to the cryptocurrency cloud, and starts from scratching.” The notes, which were circulated by the Russian state outlets, did not include a detailed mechanism for how to “put” sovereign obligations in Stablecoins would change their true value.
Russia has just accused the United States of using Crypto to wipe its 35 meters debt.
Putin Cubacov’s advisor says Washington will have debts to Stablecoins, and re -seize order.pic.twitter.com/iwmilyp2ic
– TFTC (@tftc21) September 8, 2025
Can Stablecoins erase the debts of the United States?
The accusation lands amid two relevant backgrounds: an American debt load is now measured in the mid -30 trillion and fast expandable stablecoin and a distinctive symbol that remains nevertheless orders with a smaller size of public debt. Treasury data and information panels in Congress put the total federal debt by about $ 37.4 trillion in early September, with about $ 30.1 trillion by the public. In contrast, the entire Stablecoin market is $ 200 billion, and the total US Treasury products is about $ 7.4 billion-a platform capable of “absorbing” sovereign obligations on a large scale.
The developments of American policy complicate the narration of Kubkov in another way. In July, President Donald Trump signed the Genius Act, the first stablecoins. The law requires 100 % reserve support in cash and a short-term cash and hand over regular general disclosure-design options, if anything, growth links to the increasing demand on treasury bills instead of a mechanism to extinguish American obligations. This means that most stablecoins is an organization usually means more purchase from the private sector than T-BILLs to support these symbols, not less than the cabinet.
The historical analogy of Wubakov – in the 1930s and 1970s – indicates episodes when the American authorities changed the monetary system: reducing the value of the dollar in FDR against gold in 1933-1934 and the closure of Nixon in 1971 from the gold window. But translating that previously into “reduction in Stablecoin” is weak.
Stablecoins is released by special or specially licensed entities and designed to be recovered equally; The transfer of government obligations to “to” will not raise the debt nor change its legal conditions. Any real reduction in the debts provided by the dollar will continue to occur through the familiar channels-high inflation, or real negative prices, or re-purchases with discounts, or the transformation of maturity-not by wrapping the debt in the form of a symbol.
Besides Stablecoin’s discussion, Washington has already drew an alternative path: Bitcoin Strategic Reserve. On March 6, 2025, the White House issued an executive argument that creates a reserve in the federal bitcoin as well as US digital assets to the government -owned coding management (to a large extent of confiscation) on a long -term “neutral budget” basis; The accompanying legislation – bitcoin law presented in both rooms – will write down the rules of governance and disclosure.
US President Donald Trump put himself the idea in sharp phrases. In an interview with Fox Business in August 2024 with Maria Barteromo, Think: “Who knows? Maybe we will pay 35 trillion dollars, and hand them a small encryption check, right? We will deliver a little bitcoin and transfer 35 trillion dollars.” The note was the speech instead of the operational plan, but it caused the executive management order on March 6, 2025 that creates a strategic bitcoin reserve.
At the time of the press, Bitcoin was traded at $ 113,237.
Distinctive image created with Dall.e, Chart from TradingView.com
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