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Ledger opens BTC-backed stablecoin loans to all eligible wallet users

NewsFeeds update

Ledger Wallet's Crypto Loan service is now open to all Ledger users who meet its eligibility rules, letting them borrow stablecoins against Bitcoin held in the wallet. The service is offered through yield_xyz and powered by Morpho, according to Morpho.

StablecoinsCoinNessAIBullish

Read the original on CoinNess

The story so far: Ledger Bitcoin-backed stablecoin loans

Ledger's Crypto Loan feature lets users borrow USDC or USDT against wBTC or cbBTC through Morpho without selling collateral, confirmed via Ledger Signer. The service, offered through yield_xyz and powered by Morpho, is now open to all eligible Ledger users.

  1. Ledger wallet adds Morpho lending with Wrapped Bitcoin collateral

    Ledger's Crypto Loan feature lets users borrow USDC or USDT against wBTC or cbBTC through Morpho without selling the collateral. Each transaction is confirmed physically via Ledger Signer.

    BitcoinChainCatcherAIBullish

  2. Ledger opens BTC-backed stablecoin loans to all eligible wallet users

    Ledger Wallet's Crypto Loan service is now open to all Ledger users who meet its eligibility rules, letting them borrow stablecoins against Bitcoin held in the wallet. The service is offered through yield_xyz and powered by Morpho, according to Morpho.

    StablecoinsCoinNessAIBullish

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.