Anton Kobyakov, an advisor to Russian President Vladimir Putin, has accused the US of attempting to use gold and crypto, specifically stablecoins, to devalue its massive national debt and ‘rewrite the rules’ of the global financial system.
According to Kobyakov, the U.S. aims to transfer its debt, which stands at over $37T, into a ‘crypto cloud’ and devalue it, effectively allowing the country to ‘start from scratch’.
He claims this strategy is a response to declining global trust in the dollar and mirrors past U.S. efforts to solve financial problems at the world’s expense.
However, U.S. officials argue this is an attempt to keep the dollar strong in the digital age.
Plus, Russia itself is opening its doors to crypto and stablecoins, and this can only be good for the industry. Two of the most powerful countries on the globe investing in stablecoins? That’s a market mover if we’ve ever heard one!
This shows how crypto is no longer just about tech; it’s a key player in high-stakes international politics. And in order to stay ahead of the game you need solutions like Best Wallet Token ($BEST) and the advantages it gives you in the Best Wallet ecosystem.
Regardless of Russia’s accusations, the broader trend is clear: the world is embracing crypto.
U.S. officials argue that stablecoins, which are tied to the dollar, can actually strengthen the greenback by making it more useful globally.
But it’s not just the U.S. in the game. Even while Russia criticizes America, it’s making moves of its own. After a 2022 ban on crypto payments, Russia has become more open to using digital currencies for international transactions to bypass sanctions.
Some reports mention a Russian defense company working on a ruble-backed stablecoin. This is a classic case of ‘do as I say, not as I do.’
It seems all the major world powers recognize crypto’s potential and are racing for their own strategic gain. This global competition is very good for the crypto industry, pushing it further into the mainstream and bringing attention to projects like Best Wallet Token ($BEST).
The US’ regulatory movement on stablecoins signals a new era for crypto, one away from the fringe and into a central part of global finance (we’re not there yet).
As the world figures this out, projects like Best Wallet and its utility-based native token ($BEST) will win.
By holding $BEST, you’re an active participant in a growing DeFi ecosystem. You get exclusive access to new token launches, reduced fees on trades, and even a say in the platform’s future.
As crypto is becoming more mainstream, you’ll need an accessible way to engage with the industry. And $BEST is precisely that. The presale has already raised over $15.6M, so there’s plenty of investor interest going around.
$BEST has a sure-fire way to reward users who stick with it. For instance, you can stake the tokens for 85% APY, which gives you passive income by simply holding the tokens.
And cross chain swaps let you swap on six, including BNB, Ethereum and Solana, with Best Wallet planning to expand to over 60 blockchains for ultimate swapping power.
Another key element is the Best Card that will allow you to spend your crypto anywhere that accepts Mastercard.
Don’t miss your chance to be part of the action and get your $BEST now for $0.025615.
With the US and Russia using crypto as part of international strategies, the industry is quickly maturing as part of the global economy.
This new environment demands that you choose your tools wisely. Projects like Best Wallet and its native $BEST token are exactly what you need. They’re a strategic investment in the new financial system of tomorrow.
Remember to always do your own research before making any investments and crypto is volatile. This is not intended as financial advice.
This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.
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