Key Takeaways
Sberbank plans to accept Bitcoin, Ethereum, and USDT as loan collateral, pending approval from the Bank of Russia.
According to BlockchainReporter, Russia's largest bank, Sberbank, is preparing to broaden its crypto-lending business. Sberbank Deputy Chairman Anatoly Popov stated that the lender plans to accept Bitcoin first as collateral for loans, with Ethereum and Tether's USDT to follow later. This expansion extends the bank's earlier pilot work with digital assets.
However, the wider offering remains contingent on approval from the Bank of Russia. Popov noted that Ethereum and USDT will be accepted only after the central bank permits their public circulation, a condition that has not yet been met. Sberbank intends to adapt its existing products and gradually expand its offerings as Russia's new regulatory framework for digital assets takes effect. The bank has previously outlined plans for an off-chain crypto trading system and a crypto wallet. Sberbank has not yet specified when the broader set of collateral will become available or how large the lending book might grow.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
