TREE NEWS update: Ledger unveiled a Crypto Loan feature at TOKEN2049 Singapore that lets users borrow stablecoins against wrapped Bitcoin, powered by Morpho. Private keys and final transaction approval stay on the user’s hardware device, so holders can access liquidity without selling their BTC.
Ledger Launches Bitcoin-Backed Stablecoin Loans With Morpho
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AI take
The notable part is not the loan itself but where custody sits: keeping keys and approval on the device is a direct answer to the counterparty risk that has defined past crypto lending blowups. It matters most for long-term BTC holders who want liquidity without a taxable or emotional sale, and it extends hardware wallets from storage into credit. The open question is whether wrapped-BTC collateral and a DeFi lending venue can hold up under stress, and how these loans are treated at the intersection of self-custody and regulated credit.
Generated by AI for reference only.
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