Russia claims the U.S. could use stablecoins to erase $35 trillion in debt. But is that even possible? Real-world regulations, infrastructure, and financial limits say otherwise.

A claim by Vladimir Putin’s adviser Anton Kobyakov has reignited debate on crypto’s role in global finance. At the Eastern Economic Forum, Kobyakov alleged that Washington plans to convert part of its $35–37 trillion debt into U.S.-backed stablecoins, devalue those assets, and "reset the system." The statement, shared by Indian IPR lawyer and analyst Navroop Singh on X, echoes Donald Trump’s past remarks supporting gold and crypto-backed finance. Advertisement

Here's what we know:

Stablecoins like USDC and USDT are issued by private firms, not the U.S. government. Converting national debt into these digital to

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