Better Mortgage has opened a waitlist for a home loan product that accepts Bitcoin (BTC) and USD Coin (USDC) as collateral, with a nationwide U.S. launch targeted for this summer. Based on signups so far, the company projects approximately $250 million in potential loan volume.
Crypto-Collateralized Mortgage Overview
The program is designed to let prospective homebuyers pledge digital assets—specifically BTC and USDC—instead of selling them for cash to qualify for a mortgage. Better Mortgage has not yet disclosed key terms or operational details, including interest rates, loan-to-value ratios, custody arrangements for the pledged crypto, or how collateral may be managed in the event of market volatility.
USDC is a U.S. dollar–pegged stablecoin issued by Circle, while Bitcoin is the largest cryptocurrency by market capitalization. Accepting both a volatile asset (BTC) and a stablecoin (USDC) could broaden eligibility, but it also raises important considerations around collateral management and underwriting.
Why It Matters
Integrating crypto collateral into traditional mortgage lending marks another step in the convergence of digital assets and mainstream finance. Mortgages are the largest segment of U.S. consumer credit, and bringing crypto into that process could appeal to long-term holders who want to retain exposure to their assets while accessing home financing.
At the same time, crypto-collateralized loans must address risks that are uncommon in traditional mortgages, such as rapid price swings in underlying assets and the need for robust custody and liquidation frameworks.
What’s Next
Better Mortgage’s waitlist is live ahead of the planned nationwide rollout this summer. The company has not provided a specific launch date or outlined state-by-state availability. Additional details on eligibility, rates, collateral requirements, and risk controls are expected closer to launch.