Coinbase, valued at over $50 billion, is now offering Bitcoin and crypto-backed mortgages to 120 million Americans. In June this year, the first Fannie Mae-compliant mortgage was issued, and by around August, it was opened to eligible users. However, crypto-backed loans are mainly used to pay for home down payments and require over-collateralization. For example, a $100,000 home down payment would require approximately $250,000 worth of BTC as collateral. Overall, it's good news!