**[Coinbase Opens Crypto-Backed Mortgage Service to Coinbase One Members]** Odaily Planet Daily News – Cryptocurrency exchange platform Coinbase and digital mortgage company Better Mortgage have announced the full launch of token-backed conforming mortgages for Coinbase One members. This service allows eligible borrowers to use crypto assets as collateral in the home-buying process. The product became available to Coinbase One members starting August 12. The two companies first announced their collaboration plans in March of this year. The initial mortgage loans under this program are designed in compliance with Fannie Mae's conforming mortgage framework. According to the announcement, Coinbase One members who qualify for Better's mortgage products can receive a loan discount equivalent to 1% of the loan amount, capped at a maximum of $10,000. This discount can be applied to offset closing costs for standard mortgages, home equity lines of credit (HELOC), and refinancing products. (The Block)