Ledger Expands Financial Services with New Crypto Loan Feature
- Ledger launched Crypto Loan, allowing eligible users to pledge wrapped Bitcoin for borrowing USDC or USDT.
- The feature is powered by Morpho via Yield.xyz, enabling direct integration without browser extensions.
- Unveiled at the TOKEN2049 conference in Singapore, the service offers liquidity without selling assets or using centralized platforms.
- Coinbase and JPMorgan are also exploring Bitcoin-backed loans, highlighting a growing trend in crypto lending.
- Ledger secures nearly 30% of all Bitcoin held by retail investors and announced a limited-edition Nano Gen5 signer collaboration with the NBA’s San Antonio Spurs.
Ledger’s new self-custodial lending feature allows users to borrow stablecoins without selling their Bitcoin. This service emphasizes liquidity access while maintaining asset control on Ledger devices, reflecting a broader industry shift toward decentralized financial services.
With this launch, Ledger joins major players like Coinbase in offering Bitcoin-backed loans, catering to users seeking liquidity without triggering taxable events through asset sales. (Source)
