Sberbank to Accept Ether and USDT as Collateral for Crypto Loans

Sberbank announced its intention to expand the range of assets it accepts as collateral for crypto‑backed loans. The bank will add ether (ETH) and Tether (USDT) to its list of approved tokens.

Regulatory backdrop

The move comes after the Bank of Russia placed ETH and USDT on a draft list of cryptocurrencies that may be traded publicly on Russian exchanges. This regulatory signal suggests growing official acceptance of these assets.

Implications for borrowers

By accepting ether and USDT, Sberbank aims to broaden loan options for customers holding these popular digital assets, potentially increasing loan volumes and diversifying risk.

Next steps

Sberbank has not disclosed a specific rollout timeline, but the inclusion of ETH and USDT aligns with the bank’s broader strategy to integrate crypto services into its financial offerings.