Russia's Sber plans USDT and Ether loans under new regulated crypto framework

Russia's largest bank Sber is expanding its crypto lending program to include USDT and Ether, according to Cointelegraph's reporting. The expansion follows regulatory clearance for public crypto trading under a new Russian framework.

Sber had previously accepted Bitcoin as loan collateral. The planned addition of the stablecoin and Ethereum signals institutional appetite for crypto assets in a major economy operating under Western sanctions.

Cointelegraph's report does not specify a timeline for the expansion, collateral ratios, loan terms, interest rates, or implementation stages. The mechanics of how Sber will handle compliance with sanctions regimes on USDT transactions, a USD-pegged stablecoin, remain unaddressed in available reporting.