Recovering funds from Wasabi Wallet into other software is a unique case because Wasabi uses BOTH Segwitv0 and Taproot derivation paths under a unified balance. It's not difficult to recover since it uses BIP39, you simply have to restore your seed twice.

You don't have to worry about recovering your funds if Ledger goes bankrupt: Their project is closed source, so they will simply rug pull your private keys before they let themselves go broke.

The existing friction is that there seems to be additional wallet recovery formats being created as time goes on instead of consensus being formed around one format. Electrum has their own standard, BIP39 is the dominant standard, LND uses 'Aezeed' seeds, and now SLIP39 is being pushed as a replacement of BIP39 by its creators.