Ledger Adds Morpho Loans Against Wrapped Bitcoin
Ledger users can now borrow against wrapped Bitcoin through Morpho
Ledger has added a way for eligible users to take out loans using wrapped Bitcoin as collateral, according to The Defiant. Wrapped Bitcoin is a token that represents Bitcoin on another blockchain so it can be used in apps there.
The loans are made through Morpho, a lending protocol, and are issued on Ethereum. Borrowers can receive USDC or USDT, two stablecoins that are designed to keep a value close to one US dollar.
Collateral sits in smart contracts
- Only eligible users can borrow.
- Borrowers can take USDC or USDT on Ethereum.
- The pledged collateral is held in smart contracts — self-executing code that runs on the blockchain.
- That collateral remains subject to liquidation, meaning it can be sold off if the loan terms are not met.
What is confirmed
The Defiant reports that Ledger added Morpho loans against wrapped Bitcoin. It also reports that eligible users can borrow USDC or USDT on Ethereum, and that the collateral is held in smart contracts while remaining open to liquidation.
What is still unclear
The source does not say which users count as eligible, what loan terms or interest rates apply, which wrapped Bitcoin token is used, or when the feature became available. It also does not give a full list of supported assets beyond USDC and USDT, nor any details on how liquidation is triggered. Those points cannot be confirmed from the supplied material.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.