Sberbank Reports $46B Crypto Trading Volume, Plans Ethereum and USDT-Backed Loans
- —Sberbank projects crypto trading turnover of up to 4 trillion rubles ($46 billion) in its first year
- —The bank is preparing loans backed by Ethereum and USDT once regulators approve
- —Popov said crypto-backed lending will expand after the rules are finalized
- —ETH collateral carries volatility risk, while USDT is more stable but faces reserve transparency questions
Why it matters: Russia's largest bank entering crypto could accelerate institutional adoption in the country if regulation eases.
Source: CriptoTendencias