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.
