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Nalezeno "Crypto-backed mortgages": 3
What are crypto-backed mortgages, and how do they work?
15.8.2023
Crypto-backed mortgages involve using cryptocurrency holdings as collateral to secure loans, offering benefits like access to liquidity without selling assets
Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
29.6.2022
"Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
3.5.2022
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions...