The scale of U.S. debt has become a hot topic in the global economy. Behind the massive $37 trillion national debt, there are some deep strategic considerations.

According to recent statements by high-level Russian officials, the United States may be planning to use cryptocurrencies and stablecoins as tools to re-evaluate its enormous national debt in some form. This idea sounds radical, but upon closer reflection, such an approach is not purely hypothetical—America has historically employed similar financial strategies.

**What is the mechanism of debt devaluation?**

The so-called debt devaluation, simply put, involves using financial innovation or systemic resets to reduce the real value of debt. Within the framework of cryptocurrencies and stablecoins, this could mean re-pricing assets globally to disperse the U.S. debt burden across international markets. In other words, other economies around the world might ultimately bear the cost of this adjustment.

**The role of stablecoins**

What role do stablecoins play in this process? On the surface, stablecoins are digital assets designed to provide price stability. But at a deeper level, stablecoins offer a new mechanism for distribution and control—they can bypass traditional financial systems to facilitate global value transfer directly. This is precisely what the U.S. might find appealing.

However, stablecoins also have a critical weakness: verifying user trust is difficult to make completely transparent. This trust deficit could become a systemic risk at crucial moments.

**Will the U.S. really do this?**

This is the key question. Considering the U.S.'s dominant position in the financial system and its historical record, this possibility cannot be entirely ruled out. But how it might evolve specifically remains to be closely watched in the development of the crypto market and stablecoin policies.