Coinbase: First Bitcoin-Backed Mortgage Loan Successfully Issued in the U.S.

Odaily reported that Coinbase announced on the X platform that the first mortgage loan in the U.S. backed by Bitcoin as the underlying asset and guaranteed by Fannie Mae has been successfully issued. The loan was originated and serviced by Better, with technology supported by Coinbase. Coinbase stated that the product will be rolled out nationwide this summer, offering innovative mortgage loan options for Bitcoin holders while promoting the application of crypto assets in traditional finance.