Better and Framework Strike $500M Stablecoin Mortgage Deal

Mortgage lender Better has partnered with crypto venture firm Framework Ventures to secure up to $500 million in financing through the Sky stablecoin ecosystem. The deal connects traditional home lending with decentralized finance infrastructure. Within Sky, Better will operate as a designated capital recipient, referred to as a "Star." The arrangement aims to channel real-world mortgage activity into decentralized finance via stablecoins while Better continues to handle underwriting and loan origination.

If successful, the structure could provide an additional funding source outside traditional capital markets, though such integrations between regulated mortgage businesses and blockchain systems remain relatively new. "With this capital injection, we think Better will be able to rapidly scale origination and potentially lower mortgage rates for consumers in the long term," said Framework Ventures co-founder Vance Spencer.

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