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Coinbase Powers Crypto-Backed Fannie Mae Mortgages With New Partnership

Coinbase Powers Crypto-Backed Fannie Mae Mortgages With New Partnership

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Cryptocurrency holders can now leverage their holdings as collateral for mortgages, cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) announced Thursday.

Coinbase and Better Home & Finance Holding Company (NASDAQ:BETRsaid in a joint statement that users of its Coinbase One premium subscription can now pledge Bitcoin or Circle Internet Group’s (NYSE:CRCL) USDC stablecoin to access Fannie Mae-backed mortgages and an additional loan for cash down payments.

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The move allows those with savings in digital assets to become homeowners without triggering capital gains taxes or giving up on potential…

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