Ledger Launches Bitcoin-Backed Stablecoin Loans in Wallet App Powered by Morpho

Ledger has rolled out a self-custodial "Crypto Loan" feature directly inside its wallet application, unveiled at the TOKEN2049 conference in Singapore. The feature enables eligible users to collateralize wrapped Bitcoin assets, specifically cbBTC and wBTC, to borrow USDC or USDT stablecoins while maintaining offline private key custody. Powered by decentralized credit protocol Morpho through infrastructure provider Yield.xyz, borrowing rates remain variable based on isolated market liquidity utilization. All critical actions, including collateral management and repayments, require physical verification via Ledger hardware devices.