Hardware wallet maker Ledger has introduced a new Crypto Loan feature that lets eligible users borrow stablecoins directly from within their wallets. Under the rollout, users can post wrapped Bitcoin assets, including Coinbase Wrapped BTC (cbBTC) and Wrapped BTC (wBTC), as collateral and borrow either USDC or USDT. The lending function is supported by DeFi protocol Morpho through technology service provider Yield xyz. Ledger also added direct device connectivity to Morpho, removing the need for a browser extension or a separate software wallet when accessing the service. The update expands borrowing options inside the Ledger wallet environment while keeping the process tied to supported wrapped Bitcoin collateral and stablecoin pairs named by the company.
Ledger, the hardware wallet maker, has launched a Crypto Loan feature, according to Techub News. Eligible users can borrow USDC or USDT inside their Ledger wallet by posting wrapped Bitcoin collateral in the form of cbBTC or wBTC.
The feature is supported by DeFi protocol Morpho through technology service provider Yield xyz. Ledger also added direct device connectivity to Morpho, which means users do not need a browser extension or a software wallet to access the service.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
