Russia slams U.S. stablecoin plans: ‘$35 trillion debt’ at stake

Here’s why Russia is cautious about U.S. stablecoin and crypto end-game.

A top Russian official viewed U.S. aggressive stablecoin and crypto moves as a way to ‘devalue’ debt, like it did in the 1930s and 1970s. 

Russia has slammed the U.S. stablecoins and crypto plans as a way to escape its massive fiscal debt. 

In a recent interview, Anton Kobyakov, senior adviser to Russian President Vladimir Puti said,