Ledger Adds Bitcoin-Backed Loans Through Morpho on Ethereum
Updated — view changes (3)
· body · New information from a source
Ledger has integrated Morpho lending, allowing eligible users to borrow USDC or USDT on Ethereum while pledging wrapped Bitcoin as collateral in smart contracts, according to The Defiant.Collateral held in the protocol remains subject to liquidation.- Ledger has added a feature allowing eligible users to borrow USDC or USDT on Ethereum using wrapped bitcoin as collateral, according to The Defiant.
- The pledged collateral sits in smart contracts through the Morpho lending protocol and remains subject to liquidation.
- Bitcoin-backed loans typically let holders borrow cash or stablecoins without selling their BTC, with loan-to-value ratios and liquidation thresholds determining how much can be borrowed and when collateral gets sold off, according to Decrypt.
- The addition gives Ledger hardware wallet users a new way to put bitcoin holdings to use without selling them.
- Separately, Cointelegraph has outlined alternatives to hardware wallets for storing bitcoin, including ETFs, passkeys and multisig setups, noting each option carries its own risks and trade-offs.
· summary · New information from a source
Ledger users can now borrow stablecoins against wrapped Bitcoin collateral on Ethereum via Morpho.- Ledger now lets eligible users borrow USDC or USDT on Ethereum against wrapped bitcoin held in smart contracts, with the collateral subject to liquidation.
· headline · New information from a source
Ledger integrates Morpho lending to enable USDC and USDT borrows against wrapped Bitcoin collateral- Ledger Adds Bitcoin-Backed Loans Through Morpho on Ethereum
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Ledger has added a feature allowing eligible users to borrow USDC or USDT on Ethereum using wrapped bitcoin as collateral, according to The Defiant. The pledged collateral sits in smart contracts through the Morpho lending protocol and remains subject to liquidation.
Bitcoin-backed loans typically let holders borrow cash or stablecoins without selling their BTC, with loan-to-value ratios and liquidation thresholds determining how much can be borrowed and when collateral gets sold off, according to Decrypt.
The addition gives Ledger hardware wallet users a new way to put bitcoin holdings to use without selling them. Separately, Cointelegraph has outlined alternatives to hardware wallets for storing bitcoin, including ETFs, passkeys and multisig setups, noting each option carries its own risks and trade-offs.
Sources: The Defiant, Cointelegraph, Decrypt
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestLedger integrates Morpho lending to enable USDC and USDT borrows against wrapped Bitcoin collateralfirst reported · 2 sourcesthedefiant.io · cointelegraph.com
- storyLedger Adds Bitcoin-Backed Loans Through Morpho on Ethereumupdate · 3 sourcesthedefiant.io · cointelegraph.com · decrypt.co
