Putin Adviser Claims US Plans Debt Shift to Stablecoins

Putin Adviser Claims US Plans Debt Shift to Stablecoins

Key Takeaways:

  • Kobyakov’s accusations involve US debt management using stablecoins and gold.
  • He warns of global financial instability risks.
  • No official US response to these allegations so far.

Kobyakov’s statement at the forum suggests potential upheavals in global finance, citing concerns about using stablecoins to manage US debt. He predicts that this could lead to weakened trust in the
US dollar on a global scale.

Anton Kobyakov, senior adviser to Vladimir Putin, claimed that the United States plans to address its financial issues by incorporating stablecoins and gold to reduce their national debt. His comment highlights geopolitical tensions concerning currency stability.

His assertions include issuing a portion of US debt in stablecoins, which could devalue obligations if executed. Kobyakov associates this move with past US decisions that reshaped global finance. This rhetoric reflects geopolitical concerns about the US dollar’s future as a global reserve currency.

Anton Kobyakov, Senior Adviser to President Putin, cautioned that if the US issues debt as stablecoins and pursues devaluation, it risks triggering global financial instability and weakening trust in the US dollar: source

Potential ramifications could extend to stablecoins associated with the US dollar, such as USDT and USDC, and broader impacts on Ethereum and Bitcoin. Kobyakov implies that if executed, this strategy could reshape currency trust and market stability globally.

While no immediate US response to Kobyakov’s claims has been recorded, the GENIUS Act’s signing indicates an evolving regulatory stance on stablecoins. This legislative move aims to bolster the US dollar’s competition against global pressures, notably from China.

Historically, US decisions like the gold standard abandonment led to market shifts. Kobyakov’s comparison highlights similarities to past monetary resets, though the lack of official US or crypto leader commentary leaves these assertions speculative at this point.

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