From TokenPost · · 40s
Ledger Wallet Launches Bitcoin-Backed Loans
Ledger Wallet now lets users borrow stablecoins using tokenized Bitcoin without leaving their hardware wallet.
In brief
Ledger Wallet now lets users borrow stablecoins using tokenized Bitcoin without leaving their hardware wallet. Ledger Wallet launched Bitcoin-backed loans for four Ethereum markets, allowing users to borrow stablecoins against tokenized Bitcoin. Originally reported by TokenPost.
Ledger Wallet Launch
Ledger Wallet launched Bitcoin-backed lending for four Ethereum markets, letting users borrow stablecoins against tokenized Bitcoin without leaving the wallet.
Collateral Options
Users can post cbBTC or wBTC as collateral and borrow USD Coin or Tether, with Morpho supplying the lending markets and Yield handling technical integration.
User Controls
Borrowers track loan value relative to collateral, repay, add collateral, or withdraw assets, each requiring confirmation on a Ledger hardware device.
The one thing
Ledger Wallet launched Bitcoin-backed loans for four Ethereum markets, allowing users to borrow stablecoins against tokenized Bitcoin.
