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2 clusters · 4 sources · 14 days · First seen · Last updated

Growth of cryptocurrency-backed lending services

Overview

The cryptocurrency lending sector is transitioning toward real-world utility as investors increasingly use digital assets like Bitcoin as collateral for liquidity rather than purely for speculative trading. Industry reports indicate a maturing market where platforms facilitate significant loan volumes, with some providers aiming for much higher targets as non-trading credit adoption advances.

Specific services allow investors to borrow fiat currency or stablecoins against assets such as Bitcoin, Ethereum, and Solana. Recent developments include hardware wallet provider Ledger launching a ‘Crypto Loan’ feature. This service enables users to use wrapped Bitcoin as collateral on the Ethereum network to borrow stablecoins like USDC or USDT, utilizing decentralized lending infrastructure and smart contracts to manage positions.

Entities

CoinDesk · Bitcoin · Yield.xyz · Ledn · SALT Lending

Timeline

  1. [TECHNOLOGY] 2 sources
    Ledger launches Crypto Loan feature using wrapped Bitcoin

    Ledger has launched a ‘Crypto Loan’ feature, enabling users to borrow USDC or USDT using wrapped Bitcoin (WBTC or cbBTC) as collateral via Morpho infrastructure.

  2. [BUSINESS] 2 sources
    Bitcoin-backed loans transition toward real-world utility

    Crypto-backed lending is evolving from speculative use to practical liquidity, with investors using Bitcoin and other assets as collateral for real-world expenses and business needs.

Sources

coindeskjapan.com · criptonoticias.com.br · portaldobitcoin.uol.com.br · tokenpost.kr