May 25, 2022

Residents of the United States will be able to take a mortgage secured by cryptocurrencies

A new decentralized finance project offers homebuyers in the US mortgage loans that allow buy houses using cryptocurrencies.


To obtain a loan, such cryptocurrencies as bitcoin (BTC), ethereum (ETH), stablecoin USD Coin (USDC) and other popular digital assets are accepted as collateral.

With the help of the service, home buyers can receive up to $ 5 million at an interest rate of 5.5%, the initial fee is 20%.

The new DeFi project is built on the Teller protocol, designed for lending and borrowing blockchain assets.

USDC.Homes oткpывaeт двepи пoтeнциaльным пoкупaтeлям жилья, имeющиx цифpoвыe aктивы, дocтуп к ипoтeкe, кoтopыe иcтopичecки были зaблoкиpoвaны в тpaдициoннoм пpoцecce ипoтeчнoгo кpeдитoвaния», — cкaзaл ocнoвaтeль и гeнepaльный диpeктop Teller Paйaн Бepкун.

The first such loan has already been given to a Texac resident who borrowed $500,000 to buy a $680,000 apartment.

The use of a cryptomortgage has a number of advantages, since the owners of cryptocurrencies do not have to sell their assets, which is convenient from the point of view of taxation and commissions.