Sberbank plans to accept Ether and USDT as loan collateral, CoinDesk reports

Sberbank is planning to add Ether (ETH) and Tether’s USDT to the cryptocurrencies it accepts as collateral for crypto-backed loans, CoinDesk reported. The move would expand the digital assets available for borrowing arrangements at the Russian bank, although the report does not provide implementation details or a timeline. The development follows a recent step by the Bank of Russia, which included ETH and USDT in a draft list of cryptocurrencies proposed for public trading on Russian exchanges. The inclusion is part of a draft framework and does not itself confirm that Sberbank’s planned collateral expansion has been completed. ETH is the native cryptocurrency of the Ethereum network, while USDT is Tether’s dollar-linked stablecoin. Market participants will be watching for further information on the bank’s plans and any regulatory developments surrounding crypto trading and lending in Russia.