Yahoo Finance Tech·3 min read

Crypto Wants to Be Collateral, Not Just Capital Gains

Coinbase and Better launch crypto-backed mortgage product.

Coinbase and Better have introduced a new mortgage product that allows qualified buyers to use Bitcoin or USDC as collateral for down payments, enabling them to secure a home without liquidating their digital assets. This innovative structure combines a standard conforming mortgage with a separate loan backed by crypto, marking a significant step in integrating digital currencies into traditional financial systems.

Key Takeaways

  • 1.

    Borrowers can use Bitcoin or USDC as collateral for down payments.

  • 2.

    The product allows a combined monthly payment for both mortgage and crypto-backed loans.

  • 3.

    Liquidation of crypto collateral occurs only after 60 days of delinquency.

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