Ledger Launches Bitcoin-Backed Loans
Ledger has launched Crypto Loan, a new feature that allows Bitcoin holders to access liquidity without selling their coins. The service is integrated directly into Ledger Wallet and powered by Morpho through technical provider Yield.xyz. Eligible users can pledge wrapped Bitcoin, including cbBTC and wBTC, as collateral to borrow USDC or USDT. Key actions are approved directly on the user’s Ledger hardware device, while the collateral does not have to be moved to a centralized lending platform. Users can monitor their loan-to-value ratio, add collateral, repay the loan or borrow additional funds from the same interface. The product expands Bitcoin’s role as a financial asset, although borrowers still face liquidation risks if BTC falls sharply. For xbit.money users, the launch highlights the growing range of ways Bitcoin can be used without being sold. Track the BTC rate and exchange crypto when market conditions suit you.