Ledger Integrates Bitcoin-Backed Loans via Morpho Protocol
Ledger has added Bitcoin-backed lending services through Morpho, enabling users to borrow stablecoins using wrapped BTC as collateral.
- Ledger users can now borrow USDC/USDT using cbBTC or wBTC as collateral.
- Morpho protocol's TVL stands at $11.29B, up 3.0% over the past week.
- The integration comes amid a market downturn, with Bitcoin down 2.60% in 24 hours.
- Ledger Partners with Morpho for Bitcoin-Backed Crypto Loans
- Ledger Integrates Bitcoin-Backed Loans via Morpho Protocol — this brief
Ledger has announced the integration of 
Bitcoin-backed loans into its wallet app through a partnership with the Morpho protocol. This new feature allows users to borrow 
USDC or USDT stablecoins by collateralizing their wrapped Bitcoin (wBTC) or custodial Bitcoin (cbBTC). The service began a gradual rollout on October 7th, according to the official press release.
The Morpho protocol, which facilitates this lending service, currently has a total value locked (TVL) of $11.29 billion, representing a 3.0% increase over the past week. This integration adds to the growing DeFi ecosystem supported by Ledger, which aims to provide secure and decentralized financial services to its users.
The announcement comes at a time when the broader cryptocurrency market is experiencing a downturn. The total crypto market cap is currently $2.92 trillion, with Bitcoin down 2.60% in the last 24 hours, trading at $83,749. Despite the market conditions, the Fear & Greed Index remains in 'Greed' territory at 71, indicating a relatively positive sentiment among investors.
The integration of Bitcoin-backed loans into Ledger's platform could provide users with more flexibility in managing their crypto assets. By allowing users to borrow stablecoins against their Bitcoin holdings, Ledger is offering a way for users to access liquidity without needing to sell their Bitcoin. This could be particularly appealing in a volatile market where users may want to hold onto their Bitcoin while still accessing cash.
At today's peer-to-peer rate, 1 BTC ≈ ₦114.19M (about $83,613.00), down 3.1% 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.
Bitcoin — questions
How much is 1 Bitcoin worth in naira today?
About ₦114.19M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,613.00. 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 0.16% since this brief first published — trading at $83,613.00 now versus $83,749.00 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. 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.