Coinbase and Better Close First Bitcoin-Backed Home Loan Deal

TLDR Coinbase and Better funded the first bitcoin-backed mortgage in the U.S. market. The mortgage combines a Fannie Mae loan with a crypto-backed down payment loan. Borrowers can use bitcoin or USDC without selling their digital assets. The first loan helped a Michigan couple buy a home using crypto collateral. Bitcoin-backed loans require a 2.5-to-1 [...]

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