Putin advisor: The United States is planning to manipulate the stablecoin program, attempting to erase 35 trillion dollars in national debt.

As global interest in stablecoins and digital assets continues to rise, Russian President Vladimir Putin's advisor Dmitry Kobyakov made a heavy accusation at the Eastern Economic Forum on September 6 - the United States is plotting a strategy for encryption, manipulating the stablecoin market to ultimately eliminate up to 35 trillion dollars in national debt.

"Encryption Cloud" Debt Restructuring Plan

Kobyakov claims that Washington is attempting to "rewrite the rules of the gold and encryption markets" in order to replace the traditional currency system and address the declining confidence in the dollar. He compares this to the historic debt strategies adopted by the United States in the 1930s and 1970s, believing it to be a financial restructuring "at the expense of the interests of the entire world."

He described a multi-stage process:

1. Convert some US Treasury bonds into encryption tools (stablecoin)

2. Gradually depreciate these debts in the encryption market.

3. Ultimately eliminate the debt burden and "start from scratch"

He said: "They have $35 trillion in currency debt, which will be transferred to the encryption cloud, causing it to devalue, and then start over."

Stablecoin as a Strategic Tool

In July of this year, U.S. President Donald Trump signed the "Stablecoin Act" (GENIUS Act), establishing a regulatory framework for stablecoins pegged to the dollar. While many view this as an initiative to promote encryption innovation, Kobyakov believes that it reflects Washington's strategic intent to use digital assets as a debt management tool.

He warned that global enthusiasm for cryptocurrency is providing the soil for the United States to implement this plan.

Geopolitical Background and Russia's Position

The Eastern Economic Forum is an important platform for Russia to promote economic cooperation in the Asia-Pacific region and alternative financial systems. Kobliakov's remarks continue the Russian side's long-standing criticism of the dollar's hegemony and U.S. monetary policy.

Since 2014, Russia has actively promoted alternative payment systems under international sanctions and has continuously criticized the dollar-based settlement mechanism. In addition, Russia is also promoting financial cooperation with Asia and BRICS countries to reduce dependence on the US dollar.

From the Russian perspective, the U.S. promotion of stablecoins and digital assets is not only a technological innovation but also an extension and transformation of financial hegemony.

Tensions in the Global Financial Framework

Kobayakov's accusations reflect the multiple tensions in the current global financial system:

1. Central Bank Digital Currency (CBDC) and the competition with stablecoins

2. The game of each country in monetary sovereignty and international settlement

3. The challenges to the dollar's status in emerging markets and the wave of de-dollarization.

As the United States strengthens its regulation and promotion of stablecoins, countries like Russia may accelerate the development of their own digital currencies and cross-border payment alternatives to weaken the influence of the US dollar in the global financial system.

Conclusion

Kobayakoff's remarks have pushed stablecoins to the forefront of international finance and geopolitical tensions. If his accusations are true, the United States' stablecoin strategy is not only an innovation in the encryption market but may also represent an invisible global debt restructuring initiative. In the coming months, as stablecoin regulation and international monetary policy become clearer, this game surrounding the 35 trillion dollar national debt may become the focal point of global financial observation.