Sberbank expands crypto loan options to include Ethereum, USDT

By Michael FawnSberbank, Russia’s dominant state-backed lender, is preparing to significantly broaden its cryptocurrency-backed lending services. The bank intends to accept Ethereum (ETH) and Tether’s USDT stablecoin as collateral for loans, expanding beyond its existing Bitcoin (BTC) offerings. This move demonstrates how Sberbank expands crypto offerings to meet growing demand.This strategic move, outlined by Deputy Chairman of Sberbank’s Management Board Anatoly Popov, hinges