Overview
- Ledger unveiled Crypto Loan, which it announced on Wednesday, Oct. 7, offering an in‑app, self‑custodial flow that lets eligible users pledge cbBTC or wBTC to borrow USDC or USDT.
- The lending service is powered by Morpho with technical support from Yield.xyz and adds a direct Ledger hardware‑signer connection to Morpho that removes the need for browser wallet extensions.
- Ledger requires Clear Signing for key transactions so users must physically approve high‑value actions on their device, keeping private keys offline and custody with the user.
- Crypto Loan is starting a gradual, country‑by‑country rollout to eligible Ledger Wallet users and Ledger warns that interest rates are variable and borrowers face liquidation risk.
- Ledger also announced a 250‑unit Nano Gen5 Spurs Edition priced at €199 with sales limited to Singapore, Paris and parts of Texas, and the company says it secures nearly 30% of retail Bitcoin and has sold over 8 million signers, a reach that could steer more borrowing into hardware‑approved DeFi paths.