Russia's Largest Bank Sber Expands Crypto Collateral Options

Russia's largest bank, Sber, is expanding its collateral options for loans by accepting USDT and Ether in addition to Bitcoin. This move comes after Russia's new crypto law took effect on September 1, signaling growing institutional acceptance of major cryptocurrencies.

The decision reflects a broader trend where banks favor established crypto assets over state-backed digital currencies, such as the central bank's digital currency. Sber's stance has implications for Russia's crypto market and the future of the digital ruble.