Coinbase Announces Bitcoin-Backed Mortgages for U.S. Homebuyers

The company said Americans will be able to buy a home without selling crypto by using Bitcoin or USDC as collateral for a down payment.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Collateral: An asset pledged to secure a loan. If the borrower does not meet the terms, the lender may claim the asset.
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar and commonly used in crypto payments and trading.
  • Bitcoin-backed mortgage: A home loan structure that uses Bitcoin as pledged security instead of requiring the borrower to sell holdings for liquidity.