Breaking: Putin Advisor Claims US Using Crypto and Gold to Tackle Debt

Russia Accuses US of Exploiting Crypto and Gold

A senior advisor to Russian President Vladimir Putin has accused the United States of attempting to leverage cryptocurrencies and gold to offset its $35 trillion debt crisis. The comments came from Anton Kobyakov, Deputy Chairman of the Organizing Committee of the Eastern Economic Forum in Vladivostok, during his closing press briefing.

Warning of Dollar Instability

Kobyakov argued that the U.S. is seeking to preserve its dominance by exploiting these alternative assets.

The advisor further alleged that the U.S. could ultimately transfer its massive debt into stablecoins, allowing it to devalue obligations and effectively reset its financial system.

His remarks feed into a broader narrative promoted by Russia that U.S. financial maneuvers place the global economy at risk, particularly as tensions between Washington and Moscow continue to escalate.

Crypto as Both Threat and Opportunity

While Kobyakov criticized U.S. involvement in digital assets, he acknowledged that crypto adoption could reshape global finance. His remarks mirror growing concerns that the U.S. debt crisis might accelerate crypto adoption, particularly for Bitcoin.

Coinbase CEO Brian Armstrong echoed this sentiment earlier in June, suggesting that the deepening U.S. debt burden could pave the way for Bitcoin to become the world’s reserve currency. 

The debate reflects a paradox: governments like Russia criticize U.S. use of digital assets, while simultaneously exploring their own stablecoin projects to bypass sanctions and diversify trade settlements.

US Pushes Forward With Stablecoin Regulation

Despite skepticism from Russia, the U.S. is moving toward mainstreaming stablecoins. Under the Trump administration, both regulators and lawmakers have grown more comfortable with these instruments. In July, Trump signed the GENIUS Act, establishing a framework for stablecoin issuance and trading. 

Treasury Secretary Scott Bessent even stated earlier this year that crypto could help strengthen U.S. dollar supremacy, suggesting it would enhance rather than undermine the currency’s role.

This aligns with broader U.S. policy, which increasingly treats digital assets as part of the payments system rather than fringe tools.

Russia Eyes Its Own Stablecoin Path

Even as Kobyakov criticized U.S. tactics, Russia itself is experimenting with digital assets. In July, state media reported that a state-owned weapons manufacturer was working on a ruble-backed stablecoin to be launched on Tron.

Though crypto payments remain banned in Russia since 2022, authorities have softened their stance, allowing for international settlements using digital assets. In March, the central bank even proposed an initiative enabling wealthy individuals to buy and sell crypto. 

This dual approach highlights how digital assets have become a geopolitical tool, with both Washington and Moscow recognizing their potential in reshaping global finance.