πΊπΈ COINBASE IS MAKING
#BITCOIN BACKED MORTGAGES AVAILABLE IN THE U.S. π
Crypto-backed mortgages just moved closer to the mainstream.
Better Mortgage and Coinbase announced that their token-backed conforming mortgage product is now generally available to Coinbase One members.
The structure lets eligible borrowers pledge Bitcoin or USDC as collateral for a separate down-payment loan, while still securing a conforming Fannie Mae mortgage on the home.
In other words π Borrowers may be able to buy a home without selling their Bitcoin.
That matters because selling Bitcoin can mean giving up long-term exposure, triggering taxes, and losing upside.
This product creates another path:
β
Accept mortgage offer
β
Pledge BTC or USDC
β
Secure the home mortgage
β
Get up to $10,000 back at closing
β
Pay off the loan and receive the BTC back
Coinbase says day-to-day Bitcoin price changes do not affect mortgage terms, and there are no margin calls based solely on BTC price movements.
This is...