Sberbank Eyes Ether and USDT as Collateral for Crypto-Backed Loans

·1 views

Russia's largest state-owned bank, Sberbank, is reportedly planning to accept Ether (ETH) and Tether (USDT) as collateral for cryptocurrency-backed loans. This development follows a move by the Bank of Russia to include both ETH and USDT in a draft list of cryptocurrencies approved for public trading on Russian exchanges. The proposed expansion signals growing institutional interest in broadening crypto utility within Russia's regulated financial system. If implemented, the move would allow borrowers to leverage two of the most widely used digital assets to secure loans through Sberbank.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Robinhood Chain surpasses Ethereum in daily revenue on memecoin trading surge

Robinhood Chain, a network only two months old, outpaced Ethereum in daily revenue on August 30. The blockchain set a new record by processing 5.52 million transactions in a single day. Users launched approximately 22,600 tokens during that period, reflecting intense memecoin activity. Memecoin trading tools were the primary driver behind the platform's $2.66 million in daily revenue.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Here's 1 metric on U.S. debt that makes bitcoin's bull case look stronger than ever

Your day-ahead look for Aug. 31, 2026

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin holds steady after U.S. strikes on Iran, up 24% for the month

Bitcoin remained largely unmoved following U.S. military strikes on Iran, even as broader markets reacted with a risk-off response. Oil prices rose and stocks fell in the wake of the strikes, but the cryptocurrency showed resilience. Bitcoin has gained approximately 24% this month, putting it on course for its strongest monthly performance since November 2024. The divergence highlights Bitcoin's increasingly independent behavior from traditional risk assets during geopolitical events.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Key Events to Watch: US Jobs Report and Russia's Digital Ruble Launch

The week beginning August 31 is set to bring several significant developments for crypto and financial markets. The US jobs report is among the major economic indicators due for release, which could influence sentiment across risk assets including cryptocurrencies. Russia is also expected to move forward with its digital ruble rollout, marking a notable step in the country's central bank digital currency ambitions. These events are being closely watched by market participants for their potential impact on crypto prices and broader monetary policy discussions.

0 comments Read more at CoinDesk