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Ledger said on Wednesday it is rolling out Crypto Loan in Ledger Wallet, which lets users take a stablecoin loan against wrapped Bitcoin inside the app.
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Crypto Loan is powered by lending protocol Morpho and integrated by Yield.xyz, and accepts WBTC or cbBTC as collateral to borrow USDC or USDT, according to Ledger.
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Rates are variable and liquidation risks apply, and the feature is subject to country availability, according to Ledger.
Crypto Loan is powered by Morpho and integrated via Yield.xyz, Ledger said.
Ledger said Morpho’s smart contracts “govern every interaction” and that collateral “stays on-chain rather than sitting on someone else’s balance sheet.”
BTC traded around $84,600 at the time of writing, up about 2.4% over 24 hours, according to CMC data.
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