Coinbase and Better Close First Bitcoin-Backed Fannie Mae Mortgage
A Michigan couple has closed the first Fannie Mae-backed mortgage using Bitcoin as collateral, facilitated by Coinbase (NASDAQ: COIN) and Better. The transaction allows borrowers to use crypto assets for down payments without selling them, potentially expanding real-world utility of digital currencies.
Tickers: $COIN
Topics: Bitcoin collateral Fannie Mae mortgages real estate