Coinbase and Better Mortgage have jointly launched a Bitcoin-backed mortgage product in the United States. Borrowers can pledge Bitcoin as collateral instead of providing the entire down payment in cash. For example, a buyer purchasing a $500,000 home could pledge $250,000 in Bitcoin to cover a $100,000 down payment. The pledged BTC must be worth at least 250% of the down payment loan amount and is held on Coinbase Prime. Eligible Coinbase One members can receive a lender-funded credit capped at $10,000, equal to 1% of the mortgage amount.
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