Ledger just turned your Bitcoin into a credit card — without selling a single coin. 💳
Unveiled at TOKEN2049 Singapore, Crypto Loan lets eligible users pledge wrapped BTC (cbBTC or wBTC) and borrow USDC or USDT. Fully self-custodial — every key action gets approved on your hardware device.
My take: Ledger says it secures nearly 30% of all retail-held Bitcoin. That is an enormous pile of idle BTC suddenly unlockable as spendable cash, powered by Morpho via Yield.xyz — the same stack behind Coinbase's Bitcoin-backed loans.
The catch: a sharp price drop can still liquidate the collateral.
Would you borrow against your BTC instead of selling?
$BTC $USDT
#Bitcoin #Ledger #DeFi
DYOR
Unveiled at TOKEN2049 Singapore, Crypto Loan lets eligible users pledge wrapped BTC (cbBTC or wBTC) and borrow USDC or USDT. Fully self-custodial — every key action gets approved on your hardware device.
My take: Ledger says it secures nearly 30% of all retail-held Bitcoin. That is an enormous pile of idle BTC suddenly unlockable as spendable cash, powered by Morpho via Yield.xyz — the same stack behind Coinbase's Bitcoin-backed loans.
The catch: a sharp price drop can still liquidate the collateral.
Would you borrow against your BTC instead of selling?
$BTC $USDT
#Bitcoin #Ledger #DeFi
DYOR
