Fannie Mae Opens Doors to Cryptocurrency-Backed Mortgages

Fannie Mae's decision to accept cryptocurrency-backed mortgages marks a significant shift in the mortgage industry.

The new product, launched by Better Home & Finance and Coinbase, allows individuals to pledge their Bitcoin or USDC holdings as collateral for a loan instead of paying a cash down payment.

This move is expected to make homeownership more accessible to those who own digital assets but lack sufficient funds for a down payment.