Russia Says U.S. Planning $37 Trillion Crypto Reset

"Russia's adviser thinks the US will actually do this. The answer comes down to distribution and control."

"If the US can already devalue its debt with regular inflation, what does it matter if it can do the same with stable coins, right? This is why Russia's adviser thinks the US will actually do this."

"See, when the US inflates the dollar, the economy starts to feel the pain right away... But stable coins, they change that equation because stable coins park reserves in short-term US treasuries. So, the demand for dollars and treasuries can actually go up as adoption grows, making the whole thing kind of self-reinforcing."

"stable coins park reserves in short-term US treasuries. So, the demand for dollars and treasuries can actually go up as adoption grows, making the whole thing kind of self-reinforcing."

"So if the US devalues its debt through inflation, the burden doesn't just hit American citizens, it gets exported worldwide through the stable coin system. So inflation then becomes kind of a shared tax that stable coin holders everywhere are forced to pay because their digital dollars also lose purchasing power at the same"

"Every time someone uses USDT or USDC throughout the rest of the world, they're basically holding a digital IOU backed by US treasuries. That means they are indirectly helping fund America's debt without actually buying US treasuries."

"if the US devalues its debt through inflation, the burden doesn't just hit American citizens, it gets exported worldwide through the stable coin system."

"inflation then becomes kind of a shared tax that stable coin holders everywhere are forced to pay because their digital dollars also lose purchasing power at the same"