I wouldn't think that it grants him courage, since he manages to take on and go through with plenty of quests/games without it.

I really don't know what the ToC gives Link but I do not think it is courage.

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Levyn, Sheikah keeper of the Triforce. Not of this world...

Roses are red, violets are blue
Link is green... in some games

- PROTECT THE HOMELAND.
Hail General Humulos!