Ledger Integrates Bitcoin-Backed Crypto Loans in Wallet App
Ledger has launched a Bitcoin-backed lending feature through Morpho, enabling users to borrow stablecoins while maintaining BTC exposure.
Ledger has launched a Bitcoin-backed lending feature through Morpho, enabling users to borrow stablecoins while maintaining BTC exposure. Bitcoin (BTC) is trading at $83,223.00, down 0.2% since this brief published. This is an original TLT brief synthesising 3 outlets (Crypto.news, Decrypt, CoinCodex), plus live market data, as of Wed, 07 Oct 2026 22:50:22 UTC.
This integration allows Ledger users to access liquidity without selling their Bitcoin, potentially increasing capital efficiency in the crypto market while maintaining security through hardware wallet control.
- Ledger introduces Bitcoin-backed loans via Morpho in its wallet app.
- Users can borrow USDC or USDT by collateralizing cbBTC or wBTC.
- Morpho platform's TVL is $11.24B, indicating strong DeFi activity.
- Feature maintains user control over private keys and transaction approval.
Multiple outlets (Crypto.news, Decrypt, and CoinCodex) confirm Ledger has integrated Bitcoin-backed loans through Morpho, allowing users to borrow stablecoins using wrapped Bitcoin as collateral. They agree that the feature maintains user control over private keys and final transaction approval through Ledger's hardware wallet. However, while Crypto.news emphasizes the gradual rollout of the 'Crypto Loan' feature, Decrypt highlights its unveiling at TOKEN2049 Singapore, and CoinCodex focuses on the liquidity access aspect.
Ledger has announced the integration of 
Bitcoin-backed loans into its wallet app through a partnership with decentralized lending protocol Morpho. This new feature allows users to borrow stablecoins such as 
USDC and USDT by collateralizing their wrapped Bitcoin (wBTC) or custodial Bitcoin (cbBTC).
The feature was unveiled at TOKEN2049 Singapore and is being rolled out gradually. Users can access the service directly through the Ledger Wallet interface, maintaining control over their private keys and transaction approvals using their hardware devices.
Morpho's total value locked (TVL) currently stands at $11.24 billion, according to DeFiLlama, reflecting significant activity in the decentralized finance space. This integration could potentially increase Morpho's TVL further by attracting more users seeking to leverage their Bitcoin holdings for liquidity.
The launch comes at a time when the total crypto market cap is around $2.9 trillion, with Bitcoin's price at $83,362, down 2.52% in the last 24 hours. The circulating supply of stablecoins like USDT ($184.28 billion) and USDC ($73.84 billion) indicates strong demand for stablecoin liquidity in the market.
This development is significant as it provides Ledger users with a secure way to access liquidity without selling their Bitcoin, potentially increasing capital efficiency in the crypto market. It also underscores the growing trend of integrating decentralized finance features into mainstream crypto services.
Since this brief published about 13 hours ago, Bitcoin (BTC) has moved from $83,362.00 to $83,223.00 — -0.17%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 12 months, Bitcoin (BTC) closed within 2.5% of today's $83,223.00 on 22 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
Will Bitcoin reach $90,000 in October?
Crowd-implied probability on Polymarket, $55.05K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 7 21:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦113.65M (about $83,223.00), down 2.8% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ledger Integrates Bitcoin-Backed Crypto Loans in Wallet App — questions & answers
How does the Ledger Bitcoin-backed loan feature work?
Users can borrow USDC or USDT by collateralizing their wrapped or custodial Bitcoin through the Ledger Wallet app, while maintaining control over their private keys.
What is Morpho's role in this integration?
Morpho provides the decentralized lending protocol that powers the Bitcoin-backed loan feature in Ledger's wallet app.
What is the current TVL of the Morpho platform?
Morpho's TVL is $11.24 billion, according to DeFiLlama.
How much is 1 Bitcoin worth in naira today?
About ₦113.65M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,223.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.17% since this brief first published — trading at $83,223.00 now versus $83,362.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news, Decrypt, CoinCodex, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.