Cryptocurrency News

Uncollateralized DeFi mortgage taken out on Austin condo via Teller

04/27/2022

Less than a minute

2022.04.27 07:50

Uncollateralized DeFi mortgage taken out on Austin condo via Teller

A new homeowner has bought an apartment in Austin, Texas through a program that allows crypto holders to take out traditional uncollateralized mortgages based on their credit scores.

The USDC.homes crypto mortgages platform issued its first crypto loan to an Austin resident who bought a $680,000 condo with a $500,000 loan issued in USD Coin (USDC) stablecoin over the Polygon (MATIC) network.

The first mortgage issued by USDC.homes on the Polygon network.

04/27/2022

Less than a minute

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