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Stock impact report

Coinbase Powers Crypto-Backed Fannie Mae Mortgages With New Partnership [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Cryptocurrency holders can now leverage their holdings as collateral for mortgages, cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN ) announced Thursday. Coinbase and Better Home & Finance Holding Company (NASDAQ: BETR said in a joint statement that users of its Coinbase One premium subscription can now pledge Bitcoin or Circle Internet Group's (NYSE: CRCL ) USDC stablecoin to access Fannie Mae-backed mortgages and an additional loan for cash down payments. Don't Miss: Instead of buying someone else's ETF, build an index around your own thesis with Public's AI tools. Get started and see if you qualify for the 1% match. Most Investors Can't Access These Real Estate Deals — But Accredited Investors Can The move allows those with savings in digital assets to become homeowners without triggering capital gains taxes or giving up on potential future gains, Coinbase and Better said, albeit at the cost of managing two loans. "Token-backed mortgages are a major first st Show less Read more
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