Russia Accuses U.S. of Using Crypto to Erase Trillions in Debt
Russia Accuses U.S. of Using Crypto to Erase Trillions in Debt
Moscow — Russia has accused the United States of actively using cryptocurrencies to offload and devalue its massive national debt, claiming Washington is pushing liabilities into stablecoins as part of a broader financial reset.
Dmitry Kobyakov, an adviser to Russian President Vladimir Putin, said the U.S. is already shifting elements of its estimated $35 trillion federal debt into crypto-linked instruments. According to Kobyakov, this strategy allows Washington to gradually devalue its obligations while maintaining the appearance of stability in the global financial system.
He alleged that U.S.-backed stablecoins are being used to absorb debt outside traditional sovereign mechanisms, weakening the real value of liabilities held by foreign creditors. Kobyakov described the process as a deliberate restructuring designed to preserve American financial dominance while transferring losses to the rest of the world.
“The United States is resetting the system through digital assets,” Kobyakov claimed, arguing that stablecoins give Washington the ability to dilute debt without triggering a conventional default or collapse in Treasury markets.
The accusation comes as the U.S. accelerates regulatory frameworks for stablecoins and digital assets, moves that Russian officials say are intended to legitimize their role in global finance. Moscow views these developments as part of a long-term strategy to reinforce dollar influence while changing the mechanics of debt issuance.
U.S. authorities have not commented on the allegations, and Washington has consistently maintained that cryptocurrencies pose financial risks rather than serving as tools of sovereign debt management. However, Russia insists the shift is already underway and reflects deeper structural stress in the U.S. fiscal system.
The claims emerge amid growing global skepticism toward the dollar and renewed calls among BRICS nations to reduce reliance on U.S.-centric financial infrastructure. Russia has repeatedly warned that digital currencies could become the next frontier of financial warfare.
While independent verification of Russia’s assertions remains limited, the statements underscore rising geopolitical tension over the future of money, debt, and control of the global financial order.