Donald Trump · Coinbase · Bitcoin · Cointelegraph
Coinbase to launch token-backed mortgage down payments this summer
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A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.
Key facts
- Although the price volatility of cryptocurrencies like Bitcoin may present challenges to the mortgage plan, some US lawmakers have accused FHFA head Bill Pulte of being “unduly influenced
- Expanding underwriting criteria to include the consideration of unconverted cryptocurrency assets could pose risks to the stability of the housing market and the financial system,” said five US
- A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments
- Republican lawmakers, including crypto proponent Cynthia Lummis, have proposed codifying the FHFA order into law
Summary
Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer. In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage structure plan launching “by summer 2026” will allow borrowers to initially use Bitcoin ( BTC ) or USDC ( USDC ) as collateral for loans to fund down payments for homes. “We’re excited to expand access to all qualified borrowers to fix an ongoing issue: buyers who qualify on every measure that matters but cannot clear the down payment hurdle because their wealth isn’t where the system expects to find it,” said Better founder and CEO Vishal Garg.