So.. people on twitter have been losing it over a claim from Anton Kobyakov (senior advisor to Putin), who said at the Eastern Economic Forum that the U.S. is using stablecoins like USDT and USDC to offload its $35T+ debt and "reset" the system – basically comparing it to when the U.S. abandoned the gold standard.
Tbh, this sounded insane at first, but when you think about it, is it really? Some context:
- Stablecoin market cap = approx. $247B
- Tether & Circle now rank among the top 20 holders of U.S. Treasuries (confirmed in Bitwise's latest data)
- The GENIUS Act, signed in July 2025, quietly tied stablecoin reserves to U.S. Treasury demand
- And yes this absolutely boosts dollar dominance globally
So while $35T is a stretch, the idea of the U.S. using stablecoins to deepen treasury demand (and eventually inflate away part of its debt) doesn't sound completely far-fetched. Especially if it maintains control of the rails.
But then again, this is also coming from a Russian official at a time when BRICS is pushing hard for de-dollarization and promoting their ruble-backed stablecoin (A7A5 on Tron). So yeah, take that with a grain of salt (the political one).
I'm not saying this scenario is likely, but it definitely made me think twice about having anything at all parked in stablecoins. I've been trying to stay liquid without selling, so I've been borrowing a bit against my BTC on Nехо instead of cashing out. Rates are decent, and it's helped me avoid messing with my long-term positions while still having room to move if things get weird.
So any thoughts on this? Is the U.S. really inflating away its debt through crypto rails, or is this just Russia talking its own book? If there's even a shred of truth to this, what does that mean for Bitcoin and Ethereum over the next decade?
Saw this wild claim from a Putin advisor – is the US really using stablecoins to manage its debt?
byu/Kurosaki56843 inCryptoMarkets
Posted by Kurosaki56843
5 Comments
Intresting take but this feels more like geopolitic noise than real strategy. US using stablecoins to manage 35T debt sounds kinda far fetched, tho its true stables demand do support Treasuries. Always worth seperating facts from political spin
LOL you couldn’t even come close. The total market cap is 1/10th the national debt and most major holdings are industrial and public or predate Trump and fed approval of crypto assets by YEARS.
This isn’t just noise it is noise for ignorant idiots that can’t math.
Russia said 🤣🤣🤣🤣🤣🤣🤣
It is true that stablecoins are backed by treasuries and that the treasury holdings of stablecoins like Tether exceed the holdings of many national central banks. As central banks around the world reduce their concentration in T-bills and shift to gold and other currencies, stablecoins help make up for part of this reduced demand, keeping interest rates under control.
Well, with how aggressive Trump’s been about pushing pro-crypto legislation (not that I complain about it), I wouldn’t be shocked if there’s some truth to this. He’s all about “saving America” and flipping the system – using stablecoins to quietly absorb debt wouldn’t be the craziest move, especially if it keeps dollar dominance intact while boosting crypto adoption.