• Coinbase Global (NasdaqGS:COIN) has partnered with Better Home & Finance to let U.S. homebuyers use Bitcoin or USDC as collateral for mortgage down payments.
• The product is designed for federally backed conforming loans and allows borrowers to keep their crypto holdings instead of selling them to fund a purchase.
• The structure includes protections such as no margin calls, aiming to make crypto backed mortgages more predictable for homeowners.

Coinbase Global, trading at around $161.14, has seen a 31.9% decline year to date and a 12.4% decline over the past month, while still showing a 138.5% gain over three years. In that context, this move into crypto backed mortgages signals an effort to build utility for digital assets beyond…