Russia's throwing shade at the US over crypto and debt! 🏦💥 Putin's adviser, Anton Kobyakov, claims the US is playing a sneaky game with

Russia's throwing shade at the US over crypto and debt! 🏦💥 Putin's adviser, Anton Kobyakov, claims the US is playing a sneaky game with its $35 trillion debt by promoting stablecoins to boost demand for Treasuries. He even suggests this could lead to devaluing the dollar and lightening that debt load 🤔💸

He draws parallels to 1933 when the US jacked up gold prices and 1971 when Nixon ditched the gold standard. Both moves helped ease debt pressures through devaluation.

🤔 Honestly, there's some truth in this theory, but it feels a bit overblown. Sure, stablecoins are boosting Treasuries and keeping the dollar on top, but at just $290B, they’re too tiny to make a dent in that $35T mountain... for now.

Still think the US will push for USD stablecoins as an alternative to CBDCs while China and the EU stick with their central bank-issued digital cash 💶✨ #CryptoTalk #DebtDrama