Better and Coinbase Close First Fannie Mae-Backed Bitcoin Mortgage

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Better and Coinbase funded the first Fannie Mae-backed mortgage in the United States collateralized by Bitcoin. The Ann Arbor buyers used Bitcoin holdings as collateral for the down payment instead of liquidating their position. The product initially supports Bitcoin and USDC, with Bitcoin requiring collateral equal to 250% of the down payment loan and USDC at 125%.
BTC-1.27%
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