According to a report by Cryptobriefing, U.S. lending institution Newrez announced that starting in February, borrowers will be allowed to use specific cryptocurrency assets when applying for mortgages. Eligible assets include Bitcoin, Ethereum, SEC-approved spot ETFs backed by BTC or ETH, and stablecoins pegged to the U.S. dollar. Baron Silverstein, President of Newrez, stated that with the growing ownership of cryptocurrencies and increased institutional participation, now is the appropriate time to introduce cryptocurrencies into the mortgage lending sector.
U.S. Lender Newrez to Accept Bitcoin, Ethereum, and Stablecoins for Mortgage Eligibility
TechFlowShare
Summary
Ethereum news broke on Tuesday as U.S. lender Newrez announced that it will allow borrowers to use cryptocurrency for mortgage eligibility starting in February. Qualified assets include Bitcoin, Ethereum, SEC-approved BTC/ETH spot ETFs, and USD-backed stablecoins. Newrez President Baron Silverstein said the move follows the increasing ownership of cryptocurrency and the growing number of institutional players entering the Ethereum ecosystem.
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