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Ledger adds Morpho lending against wrapped Bitcoin collateral

The Defiant reports that Ledger has added Morpho loans allowing eligible users to borrow USDC or USDT on Ethereum against wrapped Bitcoin collateral. The report states that pledged collateral sits in smart contracts and remains subject to liquidation.

Why “Unverified”

  • Reported by The Defiant alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 52/100. How labels work

Market around the story

  • BTC Still being measured. The price reaction is recorded six hours after the first report, around .

What the sources claim

  1. Ledger added Morpho loans that let eligible users borrow against wrapped Bitcoin. BTC

    “Ledger Adds Morpho Loans Against Wrapped Bitcoin”
    The Defiant

  2. Eligible users can borrow USDC or USDT on Ethereum.

    “Eligible users can borrow USDC or USDT on Ethereum”
    The Defiant

  3. Pledged collateral is held in smart contracts and remains subject to liquidation. BTC

    “pledged collateral sits in smart contracts and remains subject to liquidation”
    The Defiant

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-21 13:10 UTC. Labels are computed from the sources, not by the model.