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Coinbase and Better fund first bitcoin-backed mortgage, plan nationwide rollout soon
Coinbase and Better Home & Finance Holding Company have funded the first Fannie Mae-backed mortgage using bitcoin as collateral and plan to make the product available to qualified borrowers nationwide by the summer. The product, first announced in March, is designed to allow homebuyers to use their crypto holdings toward a down payment without selling their digital assets. Initially, the product supports bitcoin and the USDC stablecoin, with plans to add more digital assets over time as the market matures. Coinbase and Better have now closed the first such loan for Joe and Amy, a married couple in their early 30s from ... (full story)
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