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

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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.

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