Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling

What happened

Unveiled at TOKEN2049 Singapore, the Morpho-powered Crypto Loan feature lets users borrow stablecoins (a digital token meant to hold a fixed value, usually one dollar) against wrapped Bitcoin while keeping private keys and final approval on their hardware device. Decrypt News Business Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling Unveiled at TOKEN2049 Singapore, the Morpho-powered Crypto Loan feature lets users borrow stablecoins against wrapped Bitcoin while keeping private keys and final approval on their hardware device.

In brief Ledger launched Crypto Loan, a self-custodial feature in its wallet app letting eligible users pledge wrapped Bitcoin to borrow USDC or USDT.. Ledger is giving Bitcoin holders a way to tap cash without parting with their coins, launching a self-custodial lending feature inside its wallet app that keeps final approval on the user's hardware device.

Powered by Morpho via Yield.xyz, it pairs with a new direct-access integration letting Ledger devices connect to Morpho without browser extensions. The move deepens Ledger's push into financial services, joining a Bitcoin-lending wave from Coinbase and JPMorgan. The feature is powered by Morpho, the decentralized credit network, through technical provider Yield.xyz.