better

Mortgage broker Better, in collaboration with Coinbase, has made history in the USA by funding and closing a deal for the buyout of standard mortgages backed by Bitcoin, approved by the government corporation Fannie Mae. This product allows crypto investors to use BTC and USDC as collateral for the down payment through a double lending structure, completely sidestepping capital gains tax when selling coins.

For the retail market in the USA, this is a massive precedent and official recognition of BTC as a legitimate hard collateral in the $10 trillion mortgage market, which will cement the long-term value of the asset and pave the way for a massive institutional influx of capital into crypto as early as this summer.

#BitcoinMortgage #FannieMae #Coinbase #Better #TradFi