coin-img-ETHETH-4.71%coin-img-SOLSOL-4.33%coin-img-BTCBTC-2.63%coin-img-XRPXRP-5.47%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.91%coin-img-HYPEHYPE-4.19%coin-img-NEARNEAR+4.60%coin-img-ETHETH-4.71%coin-img-SOLSOL-4.33%coin-img-BTCBTC-2.63%coin-img-XRPXRP-5.47%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.91%coin-img-HYPEHYPE-4.19%coin-img-NEARNEAR+4.60%coin-img-ETHETH-4.71%coin-img-SOLSOL-4.33%coin-img-BTCBTC-2.63%coin-img-XRPXRP-5.47%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.91%coin-img-HYPEHYPE-4.19%coin-img-NEARNEAR+4.60%coin-img-ETHETH-4.71%coin-img-SOLSOL-4.33%coin-img-BTCBTC-2.63%coin-img-XRPXRP-5.47%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.91%coin-img-HYPEHYPE-4.19%coin-img-NEARNEAR+4.60%

CoinDesk: Ledger rolls out self-custodial, bitcoin-backed loans, enabling users to borrow USDC or USDT against wrapped BTC via Morpho

AI Market Summary
Ledger's launch of self-custodial Bitcoin-backed loans via Morpho expands BTC collateral utility by enabling users to borrow USDC or USDT against wrapped BTC without surrendering custody. The product could increase demand for wrapped BTC and on-chain borrowing while adding protocol and smart-contract risk to borrowers' exposure. Near-term, this is most relevant for BTC-linked DeFi activity and lending market liquidity conditions.
Impact level
● Medium
Affected assets
BTC/USDT-2.62%
AI Insight · BTC/USDTAI Insight
● Neutral
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
LATEST: Ledger has launched a self-custodial bitcoin-backed lending product. Users can borrow USDC or USDT by posting wrapped BTC as collateral through Morpho.
USDC
USDC+0.01%
BTC
BTC-2.63%
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