Coinbase, Fannie Mae enable crypto-backed mortgages

Coinbase and government-sponsored enterprise Fannie Mae are launching a new program that will allow borrowers to use cryptocurrency as collateral for mortgages. This initiative enables the use of Bitcoin and USDC as security for home loans, marking a significant integration of digital assets into the traditional real estate financing market. The partnership aims to broaden access to homeownership by leveraging the value of cryptocurrencies, potentially attracting a new demographic of buyers and investors to the housing market.