Coinbase to launch token-backed mortgage down payments this summer
A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.
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A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.
Coinbase and Better launch America’s first Bitcoin-collateralized Fannie Mae mortgage, allowing homebuyers to keep crypto while purchasing homes. A major milestone has arrived for both the housing and cryptocurrency industries. The first Fannie Mae-backed mortgage backed by Bitcoin has been successfully originated in the United States, Coinbase announced. The loan was issued and is being […] The post First Bitcoin-Collateralized Mortgage Issued in America appeared first on Live Bitcoin News.
Coinbase has funded the first Fannie Mae-insured mortgage in the U.S. using Bitcoin-backed collateral, bringing digital assets into a part of the housing finance market traditionally dominated by cash savings and bank deposits. According to Coinbase, the transaction was completed…