Could Crypto Be Used to Reshape US Debt?

A striking claim has emerged from Russia, with one of President Putin’s advisers suggesting that the United States might explore using crypto and gold as tools to handle its enormous national debt. 

With US obligations now exceeding $35 trillion, such a strategy would be controversial, yet it has sparked debate about how financial systems might adapt in the years to come. 

While no evidence confirms this theory, it raises questions about the relationship between digital assets, government policy, and the future of the global economy.

The Claim and Its Context

Anton Kobyakov, a senior adviser to President Putin, voiced his concerns during a recent forum in Vladivostok. 

He argued that the United States could attempt to shift parts of its debt into alternative forms of value such as gold or digital assets, thereby changing how these obligations are measured and possibly devalued. 

According to him, such a move would protect US economic influence but at the expense of countries still tied heavily to the dollar system.

This claim did not emerge in isolation. For years, debates have surrounded the sustainability of the US debt load. With interest payments climbing and political divisions limiting fiscal reform, speculation about unconventional approaches has gained ground. 

By invoking crypto, Kobyakov linked a modern financial tool to an age-old problem, suggesting that digital assets could serve as a channel for managing liabilities in ways that would be less visible to the public eye.

The remark also tapped into existing concerns about declining trust in the dollar. In many parts of the world, questions are being raised about whether the greenback can continue as the central pillar of international finance. 

Kobyakov’s comment therefore reflects a wider unease, blending geopolitical rivalry with financial strategy. Whether or not his theory holds weight, it highlights the uncertainty surrounding how leading economies will navigate their fiscal challenges in the years ahead.

Read also: DEBT Crypto Price Prediction August 2025

Stablecoins and the “Crypto Cloud” Idea

Perhaps the most striking element of Kobyakov’s claim was his suggestion that stablecoins could be used to house national debt. He described this as placing obligations into a “crypto cloud,” where they could then be gradually devalued. 

While the language is speculative, the concept touches on real discussions about the role of digital assets in sovereign finance.

Stablecoins, pegged to traditional currencies such as the US dollar, have grown rapidly in recent years. They are already central to much of the trading activity in crypto markets, valued for their stability and ease of transfer. 

Extending their use to national-level debt management would be unprecedented, but it demonstrates how digital assets are beginning to enter conversations well beyond private investment.

The idea of moving debt into digital form raises questions of accountability. If liabilities could be shifted into structures less transparent than conventional government bonds, it might become harder for both domestic and international stakeholders to monitor. 

Critics worry this could weaken trust further, while supporters might argue it offers flexibility in a system where traditional approaches are reaching their limits.

Kobyakov’s remarks also implied that this would not be a technological revolution so much as a reshaping of existing tools. 

By using crypto alongside gold, the US could maintain influence without appearing to abandon the old system outright. Stablecoins, in this framing, are less about replacing the dollar and more about concealing adjustments to it. 

Whether or not such a plan exists, the theory captures the anxieties surrounding how digital finance could blur the lines between innovation and manipulation.

Read also: IOUs in Cryptocurrency: How Digital Debt Works 

Implications for Global Markets

If the United States were to use crypto or gold in the way described, the impact on global markets could be significant. First and foremost, it could reduce reliance on the dollar as the world’s primary reserve currency. 

If investors and governments believed the dollar was being managed in ways that diluted its reliability, they might shift towards alternative reserves, including other currencies, gold, or even digital assets themselves.

Such a move could also reshape how debt is perceived internationally. Traditionally, US Treasuries have been seen as one of the safest investments, underpinning global financial stability. 

If those instruments were replaced or supplemented by digital equivalents, the sense of certainty that supports them could be undermined. That uncertainty would ripple through international trade, investment flows, and currency markets.

Kobyakov drew historical parallels to past moments when the United States altered the financial rules of the game, such as the abandonment of the gold standard in the 1970s. 

Those shifts were disruptive but ultimately shaped the system we know today. If a similar adjustment were made through the integration of digital assets, it would represent another structural change with far-reaching consequences.

It is worth noting that Russia itself has pursued similar experiments, including the development of stablecoins tied to the ruble. 

While Kobyakov criticised the US, his comments also reflected the reality that many countries are exploring new ways to integrate digital finance into their strategies. 

This suggests that the debate is not limited to one nation’s debt, but part of a wider shift in how governments prepare for an evolving financial landscape.

Read also: Will the $37 Trillion U.S. Debt Trigger Bitcoin's Next Historic Run?

Conclusion

The claim that the United States might use crypto and gold to manage its debt remains speculative, but it underscores the growing role of digital assets in global financial debates.

Whether or not such a strategy is ever pursued, the fact that it is being discussed at the level of international advisers highlights how deeply crypto has entered mainstream policy considerations. 

As countries explore stablecoins, reserves, and alternative strategies, the balance of global finance could change in unpredictable ways. 

For investors navigating these uncertainties, platforms like Bitrue offer a safer and more accessible way to trade digital assets while staying alert to broader economic shifts.

FAQ

What did Putin’s adviser claim about US debt?

He suggested that the US could move parts of its national debt into crypto or gold, potentially devaluing it at the expense of other countries.

How could stablecoins be involved?

Stablecoins could theoretically act as digital containers for debt, allowing it to be shifted into less visible structures.

Would this reduce reliance on the US dollar?

If pursued, it could weaken confidence in the dollar and encourage countries to diversify into other reserves.

Has the US confirmed such a plan?

No, there is no evidence to suggest the US is actively doing this. However, officials have been exploring frameworks for crypto and stablecoins.

Are other countries exploring similar strategies?

Yes, Russia and others are experimenting with stablecoins and digital assets as part of broader financial planning.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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