Better Lowers Crypto Collateral for Mortgages to 250%

Better, a company that offers mortgages backed by cryptocurrency, has announced a new development in its offerings. According to reports, buyers can now secure crypto-backed mortgages with as little as 250% collateral.

This means that for every dollar borrowed, the buyer must put up $2.50 worth of cryptocurrency as collateral. The move is seen as an attempt by Better to expand its reach into the growing market for cryptocurrency-backed lending.

The news has sparked interest among investors and lenders alike, who are eager to explore new opportunities in this emerging space.