An adviser to Russian President Vladimir Putin has accused the United States of using stablecoins and gold to strategically devalue its $37 trillion debt. Speaking at the Eastern Economic Forum in Vladivostok, Anton Kobyakov claimed the US is attempting to rewrite the rules of the gold and cryptocurrency markets to address declining trust in the dollar. He suggested that the US plans to shift its debt into US dollar stablecoins, although he did not elaborate on how this would devalue the debt. Kobyakov's comments come amid ongoing discussions in the US about leveraging cryptocurrencies. Senator Cynthia Lummis' proposed Bitcoin Act suggests the government purchase 1 million Bitcoin over five years to potentially retire federal debt. Meanwhile, US Treasury Secretary Scott Bessent has indicated that stablecoins are part of a strategy to maintain the US dollar's global dominance. The US has also made legislative progress with the signing of the GENIUS Act, aimed at fostering stablecoin innovation. In response, Russia is developing its own ruble-backed stablecoin, A7A5, to reduce reliance on US dollar stablecoins like Tether. This move aligns with Russia's recent openness to crypto-based financial products, despite a previous ban on crypto payments.