Coinbase and Better Launch Crypto-Backed Mortgages With Fannie Mae Backing

Coinbase and Better Home & Finance announced a partnership on Thursday to offer token-backed mortgages. The product aims to expand access to homeownership while carrying the same Fannie Mae backing as other conforming mortgages.Qualifying Americans can now pledge Bitcoin or USDC as collateral to fund their cash down payment, securing a standard conforming mortgage without liquidating their digital assets or potentially triggering a taxable event.How It WorksTo continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io