Ledger Unveils Bitcoin Loans at TOKEN2049 With Morpho-Powered Feature
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Crypto Economy
Cryptocurrency News | Cryptocurrency Prices | Market CapLedger Unveils Bitcoin Loans at TOKEN2049 With Morpho-Powered Feature
TL;DR Ledger launched Crypto Loan, a self-custody lending feature that allows users to pledge Wrapped Bitcoin to obtain USDC or USDT. The tool operates through Morpho via Yield.xyz, the same provider Coinbase uses for its Bitcoin-backed loans. Ledger claims to custody around 30% of all Bitcoin held by retail investors globally. Ledger appeared at TOKEN2049 ...
Ledger continues to expand its offer. In future, Wallet will be able to borrow without the coins being issued. Source: BTC-ECHO BTC-ECHO
Ledger incorporates loans backed by cbBTC and wBTC into its portfolio, with Morpho as a DeFi infrastructure and approval of transactions from its devices. The option allows you to obtain USDC or USDT without selling those assets, although variable rates and settlement risk remain present.
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.
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