What happened?
Ledger rebranded its hardware devices as “Ledger signers” and launched the Ledger Nano Gen5, which is now available to order. The new device adds NFC, Bluetooth, an E Ink touchscreen with Clear Signing and Transaction Check, and includes a Ledger Recovery Key in the box. Ledger also renamed Ledger Live to Ledger Wallet, added a cash-to-stablecoin feature (Noah) for instant USD/EUR to USDC conversion, and unveiled Ledger Enterprise Multisig for institutional use.
Who does this affect?
Everyday crypto holders who want easier, on-the-go signing, stronger identity protection, and FIDO2 passkey support will see direct benefits. DeFi users and newcomers who want a fast fiat-to-USDC on-ramp will find the Noah integration useful. Institutions, custodians, DAOs and crypto-native businesses are targeted by Ledger Multisig, and competitors like Trezor face increased product pressure.
Why does this matter?
Lowering friction between fiat and stablecoins and making signing simpler should increase on-chain activity and USDC flows, which matters for DeFi liquidity. A bigger push into enterprise and clearer consumer UX could shift market share in hardware wallets and custody solutions. Overall, stronger security features and broader use cases may boost user trust and institutional adoption, which is generally bullish for crypto infrastructure and market growth.