A Russian advisor to President Vladimir Putin, Anton Kobyakov, has suggested that the United States might consider using stablecoins and cryptocurrencies to manage its $37 trillion debt. Kobyakov proposed the idea of shifting debt into a 'crypto cloud' to distribute inflation risk among global holders. This concept has been previously mentioned by figures like Michael Saylor, who suggested selling U.S. gold for Bitcoin.
The potential use of stablecoins to dilute U.S. debt globally raises questions about trust in reserves, a critical factor for stablecoin holders. Changes in U.S. regulations could alter the risk-to-reward ratio for those holding stablecoins, impacting value investing strategies in the crypto market.
Russian Advisor Claims U.S. May Use Stablecoins to Manage $37T Debt
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