Sberbank plans ether and USDT collateral for crypto loans

Russia's Sberbank plans to add ether (ETH) and USDT as accepted collateral for crypto-backed loans, according to a CoinDesk report. The move follows the Bank of Russia including ETH and USDT in a draft list of cryptocurrencies approved for public trading on Russian exchanges.

Expanding accepted collateral to additional assets signals Sberbank's continued push into digital asset lending as Russia's regulators move to formalize a legal crypto market.