Better and Coinbase made their token-backed conforming mortgage generally available, letting Coinbase One members pledge BTC or USDC to cover a home down payment instead of selling holdings.

The product pairs a Fannie Mae-backed home loan with a separate down-payment loan secured by Bitcoin; both carry the same interest rate and term and are repaid as one monthly payment. Borrowers must pledge BTC worth at least 250% of the down-payment loan, transferred to Better's custodial account on Coinbase Prime, with USDC also supported. Coinbase One members approved for eligible products earn a lender credit of 1% of the mortgage value, capped at $10,000.

Demand is already strong: a waitlist opened in June generated over $260 million in projected loan volume, with 76% of applicants already Coinbase One members and 60% planning to buy within six months.

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