Coinbase confirms first Fannie Mae Bitcoin mortgage closed

A Michigan couple has closed on the first conventional home mortgage backed by Fannie Mae using Bitcoin as collateral. Coinbase announced the milestone on June 4.

Coinbase said the transaction marks the first time a borrower pledged Bitcoin to secure a Fannie Mae-backed loan. The couple completed the closing recently, according to the company's statement. The mortgage structure was first announced by Coinbase and Better Home & Finance in March. It comes as U.S. regulatory agencies have adopted more cryptocurrency-friendly policies under the current administration. The deal allows homeowners to use Bitcoin holdings without selling the asset outright. Coinbase described it as a conventional mortgage product rather than a specialized crypto loan.

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Coinbase introduced a new platform on Wednesday that connects artificial intelligence assistants to user accounts for automated crypto trading and payments.

በAI የተዘገበ

Hut 8, a bitcoin mining and AI compute firm, has replaced its Coinbase Credit facility with a cheaper $200 million bitcoin-backed deal from FalconX. The refinancing lowers the interest rate to 7% from 9% and frees up 3,300 BTC worth about $260 million. The move boosts liquidity as the company expands into AI infrastructure.

JPMorgan Chase, Bank of America, Citigroup and other large lenders will launch a tokenized deposit network through The Clearing House by the first half of 2027.

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