Ledger Launches Bitcoin-Backed Lending via Morpho Markets

Key Facts

1Ledger launched a crypto loan feature allowing users to borrow stablecoins against wrapped Bitcoin collateral.

2Loans are processed through Morpho Markets while private keys and final approval remain on Ledger hardware devices.

Ledger launched a crypto loan feature allowing users to borrow stablecoins against wrapped Bitcoin collateral. Decrypt reported that the service enables borrowing of USDC or USDT, while private keys and final transaction approvals remain secured on Ledger hardware devices.

The integration utilizes Morpho Markets to process loans using wrapped Bitcoin variants such as cbBTC and WBTC as collateral. As of October 7, 2026, Morpho Markets recorded $16.94 billion in total deposits and $5.63 billion in outstanding loans, providing liquidity to holders without requiring the sale of their underlying assets.