The U.S. is, according to a Kremlin advisor, attempting to use crypto and gold to offload a reported $35 trillion debt by shifting liabilities into stablecoins and devaluing them—an approach the advisor says would address U.S. debt at “the world’s expense” and weaken trust in the dollar.
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Advisor claim: U.S. plans to move debt into stablecoins then devalue it.
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Officials and industry figures offer mixed views on stablecoins’ role in global finance.
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Russia is exploring ruble-backed stablecoins while maintaining controls on domestic crypto payments.
Primary keyword: U.S. crypto debt scheme — Report claims U.S. will use stablecoins to offload debt; read the implications and expert context.
What is the U.S. crypto debt scheme alleged by a Russian advisor?
The U.S. crypto debt scheme is an allegation that Washington may shift large portions of national debt into the crypto sphere—especially stablecoins and gold—to devalue those obligations and restart fiscal accounts. The claim, made by a Putin adviser, frames stablecoins as tools to reduce real debt burdens at global cost.
How did the adviser describe the plan and the $35 trillion figure?
At the Eastern Economic Forum in Vladivostok, Anton Kobyakov, deputy chair of the forum’s organizing committee and adviser to President Putin, said the U.S. is “trying to rewrite the rules of the gold and cryptocurrency markets” and referenced a $35 trillion debt figure. He warned that moving debt into the “crypto cloud” would allow devaluation and a reset of obligations. Russia Direct provided a translation of his remarks; this article reports his statement as given.
What are the U.S. policy and industry responses?
U.S. regulators and industry leaders have divergent perspectives. Under the current U.S. administration, legislation such as the GENIUS Act (signed into law in July) created clearer frameworks for stablecoin issuance and trading. Industry leaders, including executives at major exchanges, have argued that digital assets could alter reserve dynamics. U.S. Treasury and Commerce Departments were contacted for comment on the adviser’s remarks.
Putin’s advisor Kobyakov: The U.S. has devised a crypto scheme to erase its massive debt at the world’s expense.
“The U.S. is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt—35 trillion dollars. These two sectors (crypto… pic.twitter.com/R4RDeYtaGg”— Russia Direct (plain text reference) September 8, 2025
Why do proponents say stablecoins could change reserve currency dynamics?
Stablecoins are pegged to fiat currencies and, proponents argue, could offer fast settlement and cross-border liquidity that challenge traditional dollar-based clearing. Coinbase CEO sentiment and other market commentary suggest large-scale adoption could shift reserve preferences, though central banks and policymakers continue to evaluate risks to monetary sovereignty.
How is Russia responding to stablecoin developments?
Russia has taken a nuanced approach: it banned crypto payments in 2022 yet has advanced pilot plans for cross-border digital transactions. State media reported in July that a state-owned manufacturer is developing a ruble-backed stablecoin intended to operate on existing blockchain infrastructure. Separately, Russia’s central bank has proposed measures to allow high-net-worth individuals limited crypto trading—indicating selective openness for international settlements.
Frequently Asked Questions
Is there evidence that the U.S. will move national debt into stablecoins?
There is no publicly verified plan or official policy stating the U.S. will move national debt into stablecoins. The claim comes from a Kremlin adviser’s public remarks and has not been corroborated by U.S. fiscal authorities.
Could stablecoins realistically allow a country to devalue debt at others’ expense?
Stablecoins can facilitate settlement and liquidity but devaluing sovereign debt through crypto would require complex, coordinated fiscal and monetary actions. Central banks, legal frameworks, and market confidence are significant constraints on any unilateral debt “reset.”
Key Takeaways
- Allegation: A Kremlin adviser claimed the U.S. intends to shift debt into crypto and gold to reduce liabilities.
- Policy context: The U.S. has enacted stablecoin legislation (GENIUS Act) and officials debate crypto’s monetary effects.
- Practical limits: Legal frameworks, central banks, and market trust make a unilateral debt devaluation via crypto highly complex.
Conclusion
Claims that the U.S. will use a “crypto scheme” to erase a $35 trillion debt stem from a public statement by a Russian presidential adviser and highlight geopolitical tensions over digital assets. While stablecoins and tokenized gold present new settlement mechanics, experts caution that structural, legal, and monetary constraints make any simple debt reset unlikely. Readers should monitor official statements from U.S. fiscal authorities and central banks for confirmed policy changes.
