Sber plans crypto-backed loans with BTC and ETH
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Sberbank plans to accept Bitcoin (CRYPTO:BTC), Ether (CRYPTO:ETH) and Tether (CRYPTO:USDT) as loan collateral.
Sberbank plans to accept Bitcoin (CRYPTO:BTC), Ether (CRYPTO:ETH) and Tether (CRYPTO:USDT) as loan collateral.
Sberbank has issued Russia’s first crypto-backed loan, signalling a potential shift towards wider institutional use of digital assets as collateral.
Sberbank is preparing to launch cryptocurrency custody and trading services for its more than 110 million customers pending regulatory approval from the Bank of Russia.
Sberbank plans to launch crypto trading infrastructure and a digital depository by 1 December under Russia's new digital asset rules.
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