Coinbase will launch a token-backed housing down payment loan service this summer.

Cointelegraph reported on June 5th that Coinbase is partnering with Better Home & Finance to launch a token-collateralized housing down payment loan service this summer. This service will allow eligible borrowers to use Bitcoin or USDC as collateral for down payments on Fannie Mae-backed home loans. Vishal Garg, founder and CEO of Better, stated that this initiative aims to address the issue of potential homebuyers who have the ability to repay but whose wealth is not held within traditional systems, preventing them from meeting down payment requirements. In June 2025, the U.S. Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to consider crypto assets in mortgage risk assessments without requiring conversion to fiat currency. Since then, lenders like Newrez have also taken similar steps.