Better opens crypto-backed mortgages—but buyers need 250% collateral
macro
Better has launched crypto-backed mortgages that require borrowers to pledge 250% collateral (2.5x the loan amount). The product lets crypto holders finance home purchases without selling assets, representing a cautious move by a mainstream mortgage provider into crypto lending. For Bitcoin, this can dampen selling pressure and create new demand for BTC as collateral, but the steep collateral requirement and liquidation risk will limit adoption and tether mortgage borrowers to Bitcoin’s price volatility.
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