Coinbase, in collaboration with Better Home & Finance, is set to launch a token-backed home down payment loan service this summer. This initiative will enable eligible borrowers to use Bitcoin or USDC as collateral for down payments on Fannie Mae-backed mortgages. Better's CEO, Vishal Garg, highlighted that this service aims to assist homebuyers who have the financial capability but lack traditional wealth to meet down payment requirements. This development follows the Federal Housing Finance Agency's directive in June 2025, which encouraged Fannie Mae and Freddie Mac to incorporate crypto assets into their mortgage risk assessments without necessitating conversion to fiat currency. Other lenders, including Newrez, have also adopted similar approaches.