Coinbase launches token-backed down payments for Fannie Mae loans

26 Mar, 15:06
Source: Cointelegraph

AI Summary

Coinbase and Better Home & Finance enable Bitcoin and USDC holders to use crypto as collateral for Fannie Mae-backed mortgage down payments, expanding crypto utility in traditional finance.

Coinbase launches token-backed down payments for Fannie Mae loans

Coinbase and Better Home & Finance launched a structure that lets borrowers pledge Bitcoin or USDC to fund the cash down payment on a conforming mortgage tied to Fannie Mae-backed loans.