Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling

What happened: Ledger launched Crypto Loan, a self-custodial feature in its wallet app that lets eligible users pledge wrapped Bitcoin as collateral to borrow USDC or USDT, unveiled at TOKEN2049 in Singapore. Key numbers: 250-unit limited-edition Nano Gen5 signer with the San Antonio Spurs; Ledger says it secures nearly 30% of all Bitcoin held by retail Why it matters: The feature is powered by Morpho via Yield.xyz, the same provider Coinbase uses for its Bitcoin-backed loans, and deepens Ledger's push into financial services alongside Bitcoin-lending moves by Coinbase and JPMorgan.

Ledger launched Crypto Loan, a self-custodial feature in its wallet app that lets eligible users pledge wrapped Bitcoin as collateral to borrow USDC or USDT, unveiled at TOKEN2049 in Singapore.

The feature is powered by Morpho via Yield.xyz, the same provider Coinbase uses for its Bitcoin-backed loans, and deepens Ledger's push into financial services alongside Bitcoin-lending moves by Coinbase and JPMorgan.