Sberbank to Accept Bitcoin, Ether, and USDT as Collateral for Loans

Sberbank, Russia's largest bank, plans to accept bitcoin (BTC), ether (ETH), and tether (USDT) as collateral for its loans backed by digital assets. Anatoly Popov, Vice Chairman of the Management Board, indicated that the bank is preparing to expand its offerings as cryptocurrency regulation progresses in the country. The project will allow these assets to be used as backing to access financing without the need to sell them. Sberbank has not yet disclosed rates, credit limits, or other conditions. Popov confirmed that the intention is to include more cryptocurrencies in the future, but the incorporation of ETH and USDT will depend on the authorization from the Bank of Russia for their public circulation. The new legislation on digital currency and digital rights will come into effect on September 1, 2026, allowing non-professional investors to access BTC, ETH, and USDT under certain limits. Sberbank plans to adapt existing products to this new framework and will begin to gradually expand its offerings once the legislation is in force, with cryptocurrency-backed loans being one of the first products.

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