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Ledger launches Bitcoin lending service, allowing users to borrow stablecoins without selling their Bitcoin.
Ledger announced the launch of a "crypto loans" feature at the TOKEN2049 Singapore conference, allowing users to borrow stablecoins such as USDC or USDT using wrapped Bitcoin (cbBTC or wBTC) as collateral. The service is powered by the decentralized credit network Morpho, enabling users to manage loans directly within their Ledger Wallet and approve key operations via a hardware device, thereby accessing liquidity without transferring funds to a centralized platform or selling underlying assets.
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