Fannie Mae, Coinbase and Better launch program allowing some homebuyers to use Bitcoin and USDC as mortgage collateral

Fannie Mae, Coinbase and mortgage lender Better announced a program that will let some U.S. homebuyers use Bitcoin and USDC as collateral for mortgages, allowing borrowers to apply crypto holdings instead of selling them for down payments ^{[1] [2] [3] [4]}.

The initiative is a collaboration with Better, a Fannie Mae‑approved mortgage seller, and is being enabled through Coinbase’s services to connect borrowers’ crypto assets with Fannie Mae‑backed loan products, according to company statements ^{[1] [2] [4]}.

Market coverage noted an immediate market reaction—reports said Coinbase stock rose after the announcement—and commentators highlighted that Fannie Mae’s acceptance of crypto as collateral could bring digital assets further into mainstream mortgage lending ^{[5] [6]}.

The program formally links a government‑sponsored mortgage guarantor with major crypto firms to let borrowers use Bitcoin and USDC in mortgage transactions; initial reports did not lay out full rollout timing or broad eligibility details ^{[1] [2]}.