JUST IN: Peter Schiff questions new mortgages backed by Bitcoin and USDC, saying they "increase the risk."


The economist warned that this new service, secured by cryptocurrencies, makes buying a home more expensive.
He objected to the use of USDC as collateral, arguing that the stablecoin doesn't generate returns.
He asserts that it makes more sense to sell it directly to make a down payment without incurring interest costs.
BTC-0,27%
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