Sberbank Sees $46 Billion in Crypto Trading, Eyes Blockchain-Backed Loans

Russia's Sberbank has reported significant crypto trading activity, with $46 billion in transactions. The bank plans to offer loans backed by Ethereum and USDT.

The development was revealed through a recent report from Sberbank, which highlighted the growth of cryptocurrency adoption in Russia.

Sberbank's move into crypto lending is part of its broader efforts to expand its financial services offerings. The bank has been exploring various blockchain-based applications and has partnered with several key players in the industry.