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Sberbank Prepares to Expand Crypto-Backed Lending in Russia

Guavy AI Editorial Team
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Russia's largest bank, Sberbank, is expanding its crypto-backed lending services to include Ethereum and Tether's USDT as collateral for loans. According to Deputy Chairman Anatoly Popov, the bank plans to accept Bitcoin, Ethereum, and USDT, but will initially only offer loans backed by Bitcoin.

The move comes as Russia prepares new crypto market rules, with Sberbank adapting its existing products to meet the requirements. The bank tested a similar model with Russian mining company Intelion Data in December 2025, using custody infrastructure to hold collateral during the loan period.

Russia's new crypto rules will take effect on September 1, 2026, and will decide which cryptocurrencies can be traded through regulated channels. The Bank of Russia has proposed Bitcoin, Ethereum, and USDT for regulated exchange trading, based on factors such as market size and trading activity.

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