Crypto Enters the Mortgage Market Via FNMA-Eligible Loans

Crypto is moving deeper into the US financial system — this time through the mortgage market.

Better Home & Finance Holding Co., a mortgage company, and Coinbase Global Inc. are launching a product that links digital assets to down payments on Fannie Mae–eligible home loans. The structure allows borrowers to pledge Bitcoin and Circle Internet Group Inc.’s USDC stablecoin as collateral for a separate loan used to fund the down payment, rather than selling those assets to raise cash.