Russia Accuses the U.S. of $37 Trillion Debt “Reset” Plan Using Stablecoins
- Putin aide says U.S. could reset $37T debt with stablecoins, sparking global trust concerns.
- Analysts warn shifting Treasuries into stablecoins would amount to default, not a reset.
- Russia eyes ruble-backed stablecoin as U.S. GENIUS Act boosts regulated dollar supremacy.
A senior advisor to Russian President Vladimir Putin has accused the United States of planning to use cryptocurrencies, especially dollar-backed stablecoins, to reset its national debt.
Anton Kobyakov, who spoke at the Eastern Economic Forum in Vladivostok earlier this month, claimed Washington is trying to “rewrite the rules” of gold and crypto markets to address its $37 trillion debt burden.
According to him, the US intends to migrate debt into stablecoins, devalue it, and “start from scratch.”
Kobyakov’s Warning on Dollar Dominance
Kobyakov argued that the U.S. has “no choi…
Read The Full Article Russia Accuses the U.S. of $37 Trillion Debt “Reset” Plan Using Stablecoins On Coin Edition.
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Russia Accuses the U.S. of $37 Trillion Debt “Reset” Plan Using Stablecoins
- Putin aide says U.S. could reset $37T debt with stablecoins, sparking global trust concerns.
- Analysts warn shifting Treasuries into stablecoins would amount to default, not a reset.
- Russia eyes ruble-backed stablecoin as U.S. GENIUS Act boosts regulated dollar supremacy.
A senior advisor to Russian President Vladimir Putin has accused the United States of planning to use cryptocurrencies, especially dollar-backed stablecoins, to reset its national debt.
Anton Kobyakov, who spoke at the Eastern Economic Forum in Vladivostok earlier this month, claimed Washington is trying to “rewrite the rules” of gold and crypto markets to address its $37 trillion debt burden.
According to him, the US intends to migrate debt into stablecoins, devalue it, and “start from scratch.”
Kobyakov’s Warning on Dollar Dominance
Kobyakov argued that the U.S. has “no choi…
Read The Full Article Russia Accuses the U.S. of $37 Trillion Debt “Reset” Plan Using Stablecoins On Coin Edition.
Read More
Ripple Funds UC Berkeley With $1.3 Million in RLUSD; Stablecoin Adoption Expands Globally