US Witnesses Unprecedented Move: Fannie Mae to Accept Crypto-Supported Mortgages

A groundbreaking development in the US mortgage industry sees one of the top mortgage-finance companies preparing to accept mortgages backed by cryptocurrencies. The mortgage firm, Better Home & Finance, in collaboration with Coinbase, the largest cryptocurrency exchange in the US, will launch a new mortgage product. This product will enable home buyers to use their crypto assets as collateral for a mortgage backed by Fannie Mae. The exact cryptocurrencies eligible for these products, and the valuation of the collateral, remain unclear. This development marks a significant change in the perception of cryptocurrency in the country, potentially freeing up hundreds of billions in liquidity, as individuals will no longer need to liquidate their digital assets to secure home financing.