Coinbase and Better launch crypto mortgages to support BTC and USDC for mortgage use

Coinbase announced that it has partnered with American online mortgage platform Better to launch its first compliant crypto mortgage product, allowing users to use Bitcoin or USDC in their Coinbase account as collateral to make the down payment on a house purchase. The relevant mortgage is issued and managed by Better and has the same legal protection as traditional compliant mortgages. It is reported that the product structure is a "dual loan model": one is a standard mortgage and the other is a down payment loan secured by encrypted assets. The interest rate and term of the two are the same. Users only need to bear a consolidated monthly payment, and the mortgage assets will be Hosted in the CoinbasePrime account and returned after the loan is repaid, and the mortgage terms are not affected by fluctuations in the BTC price.