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At a glance

What changed
Ledger is promoting USDC yield on Circle's Arc network through a Morpho vault curated by Galaxy, inside Ledger Wallet.
Who it affects
Ledger Wallet users holding USDC who want onchain yield while keeping self-custody.
When
Promoted on 3 November 2026 at 15:00 UTC (16:00 in Amsterdam). Ledger gives no end date; the rate is variable.

What Ledger announced

Ledger is pushing a USDC earning option on Arc, Circle's stablecoin-focused blockchain. In a post on its official X account at 15:00 UTC on Tuesday 3 November 2026 (16:00 in Amsterdam), Ledger said users can put their USDC to work on Arc via Morpho, accessed from Ledger Wallet, with their keys staying with them the whole time.

Ledger says the strategy is curated by Galaxy and powered by Morpho, and that every step is confirmed on the user's Ledger signer, with no exchange account and no handing over custody. Its campaign image advertises "up to 7% APY" on USDC on Arc and notes that users deposit USDC on Arc and pay network gas in USDC.

How it fits Ledger's Arc rollout

This builds on Ledger's Arc launch in September, when it said Ledger Wallet would support sending, receiving and swapping USDC on Arc and depositing it into Morpho and Aave vaults via Kiln. Because USDC is Arc's native gas token, users do not need a separate coin to pay fees. Ledger said then that the variable yield is shown before any deposit and that rewards are not guaranteed.

What to check before depositing

"Up to 7%" is a ceiling in Ledger's marketing, not a fixed rate. Ledger does not say how long such a rate lasts or what it depends on, and vault yields move daily with borrowing demand. Check the rate Ledger Wallet shows on the deposit screen before signing, read the risk notice and remember that smart contract and market risks remain even in self-custody.

Earn is provided by third-party services, and Ledger says they may not be available in every country.

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