[Peter Schiff Questions Crypto Mortgages: Double Interest Layers May Raise Homebuying Barriers and Increase Default Risk] Deep Tide TechFlow reports, on March 29, economist Peter Schiff posted on the X platform stating that the structure of crypto asset-backed mortgages could significantly increase the cost of homebuying. Borrowers not only need to pay traditional mortgage interest but also bear the interest of a 'secondary loan' backed by crypto assets. This model essentially amounts to 100% financing for the property, thereby amplifying leverage levels and potentially increasing overall default risk. Previously, it was reported that Coinbase has launched the first compliant crypto-backed mortgage product, allowing users to use Bitcoin or USDC in their Coinbase accounts as collateral to pay for home purchase down payments.