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Russia’s Largest Bank Sber Eyes BTC, ETH, USDT for Crypto-Backed Loans

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Russia’s largest bank plans to expand crypto-backed lending by accepting bitcoin, ether, and tether as collateral after new regulations take full effect. Sberbank says the initiative will build on its digital asset loan pilot. Sberbank Plans to Expand Crypto-Backed Lending Sber, Russia’s largest bank, majority-owned by the government, plans to accept bitcoin, ether, and tether […] Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH / Bullish USDT Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional adoption of crypto as collateral boosts market credibility and liquidity.

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