Crypto-Backed Mortgages Roll Out Across US

Better Mortgage and Coinbase have launched their crypto-backed mortgage program in the US. The program allows eligible Coinbase One members to pledge Bitcoin or USDC as collateral for a separate loan used to fund the cash down payment on a home.

This means borrowers can retain their digital assets without selling them, potentially avoiding an immediate taxable sale. However, borrowers still take on a separate crypto-secured loan alongside their mortgage and remain exposed to changes in the value of the pledged digital assets.

The program's wider rollout makes it available to more Coinbase One members, with over $260m in projected loan volume from earlier interest expressed by potential borrowers. Approximately 60% of respondents intend to buy a property within six months.