Sberbank, Russia’s biggest bank, is gearing up to accept USDT and Ether as collateral for loans, joining Bitcoin on its list of accepted digital assets. The move comes just as the country kicks off regulated crypto trading under a new law.

Sberbank Eyes USDT and ETH for Loan Collateral

The bank is looking to broaden its digital asset collateral options, adding stablecoin USDT and Ether to the mix with Bitcoin. This could make loans more accessible for customers already holding liquid crypto, letting them leverage their coins without selling.

Backdrop: Russia’s New Regulated Crypto Trading Law

These changes line up with Russia’s rollout of regulated crypto trading, thanks to the new legislation. The law sets a legal framework for digital asset operations, opening the door for major banks to experiment with crypto-backed products and services.

Digital Ruble: Gauging Market Demand

Amid these shifts, Sberbank is also questioning the market appetite for the digital ruble. Gauging interest in the central bank digital currency will be key as the bank shapes its strategy between state-backed digital money and market-driven crypto assets.