Coinbase and Better launch crypto-collateralized mortgage product

Coinbase announced on its official blog that it has partnered with mortgage finance platform Better to launch a new mortgage product that uses cryptocurrency as collateral. The product is designed to allow users to use BTC and USDC for down payments and operates under the same conforming loan guarantee structure as U.S. mortgage agency Fannie Mae. The loans are executed and managed by Better, with crypto assets linked through the Coinbase platform. Coinbase One members who are approved for a loan can receive up to $10,000 in credits.