Coinbase, Better Mortgage Team Up for US-Wide Bitcoin-Backed Mortgages

American crypto exchange Coinbase and mortgage lender Better Mortgage have partnered to offer US-wide conforming mortgages backed by Bitcoin and USD Coin (USDC). The joint announcement states that this new product allows homebuyers in the US to pledge their digital assets as collateral for a mortgage.

The partnership aims to expand access to homeownership, particularly among the 50 million Bitcoin users across America. With Better Mortgage's expertise in mortgage lending and Coinbase's experience in crypto trading, they are working together to simplify the process of using cryptocurrencies as collateral for mortgages.

The conforming mortgages will be available nationwide, catering to the needs of around 120 million home buyers in the US.