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Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling

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Ledger introduced a Bitcoin-backed borrowing feature called Crypto Loan at TOKEN2049 Singapore. The rollout lets eligible Ledger Wallet users pledge wrapped Bitcoin or cbBTC in exchange for stablecoins, while keeping approval on Ledger hardware devices. One report says the product began a gradual rollout on Oct. 7, and another says the wallet app defaults to 50% loan-to-value with a 1% borrowing fee and liquidation risk on pledged collateral.

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Key claims & sources

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Ledger unveiled Crypto Loan at TOKEN2049 Singapore as a borrowing feature for the wallet app.
Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling
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The feature lets users borrow stablecoins against wrapped Bitcoin while keeping private keys and final approval on their hardware device.
Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling
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Eligible Ledger Wallet users can borrow USDC or USDT against cbBTC or WBTC through Morpho markets.
Ledger Launches Bitcoin-Backed Loans Through Morpho Markets
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Ledger said Crypto Loan would begin a gradual rollout on Oct. 7.
Ledger adds Bitcoin-backed loans through Morpho to its wallet app
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The wallet app defaults to a 50% loan-to-value ratio and charges a 1% borrowing fee.
Ledger Launches Wrapped-Bitcoin Loans Through Morpho
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Pledged collateral remains subject to liquidation.
Ledger Launches Wrapped-Bitcoin Loans Through Morpho

What it means

Ledger wallet users who qualify for the feature can now see stablecoin borrowing inside the app, with approval kept on a Ledger hardware device. That changes the flow for self-custody users who want to borrow against wrapped Bitcoin without moving away from the wallet environment. This affects users and the broader self-custody lending segment today, because the borrowing path is now inside Ledger Wallet and tied to Morpho and Yield.xyz.

Market reaction i

BitcoinBTC it is the asset of the company or protocol in the event
first headline
-0.1% 2 h before
-0.6% 4 h after
$84,041price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 09:01
+59 min
Oct 7 10:00
crypto.news context
Its angle: introduced, allowing, rollout; with quotes
+6 h 40 m
Oct 7 15:40
Morpho context our clock
Its angle: destination, stablecoin, ecosystem
+6 h 54 m
Oct 7 15:55
The Defiant echo
No new facts: liquidation, defaults, pledged
+7 h 37 m
Oct 7 16:37
Crypto Economy adds
Brings into the story: TOKEN2049

Has this happened before?

WhenWhat happenedFigure
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