Coinbase and Better Fund First Fannie Mae-Backed Bitcoin Mortgage on June 4

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On June 4, Coinbase and Better Home & Finance announced the completion of the first Fannie Mae-backed mortgage tied to bitcoin collateral, clearing the way for nationwide expansion. Qualified borrowers can pledge bitcoin or USD Coin (USDC) to finance down payments while retaining their digital assets. Better originates and services the conforming mortgage, while Coinbase provides custody and compliance support for the pledged assets. The first loan was funded for a married couple in Ann Arbor, Michigan, who used bitcoin holdings to secure their home purchase without liquidating their crypto position.
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