Coinbase has announced a partnership with Better, a US-based online mortgage platform, to launch its first compliant crypto-backed mortgage product. This allows users to use Bitcoin or USDC held in their Coinbase accounts as collateral for down payments on home purchases. The mortgage is issued and managed by Better and offers the same legal protection as traditional compliant mortgages. The product features a "dual-loan model": one standard mortgage and another down payment loan secured by crypto assets. Both loans have the same interest rate and term, and users only need to make one combined monthly payment. The collateral will be held in escrow in a Coinbase Prime account and returned after the first loan is repaid. The mortgage terms are unaffected by fluctuations in the price of Bitcoin (BTC).