The Canadian fintech has already put data tied to about $412 million in funded mortgages onchain, and aims to migrate more than 29,000 loans over time.
Developed with Brale and Stably, litUSD aims to cut costs, improve treasury management and potentially used for on-chain settlement of mortgage payments.
U.S. Senator Cynthia Lummis introduced another crypto bill, this one meant to reinforce an effort underway to allow use of digital assets in mortgage underwriting.
Democrats continue to object as this week promises more developments in the White House's strategy to get digital assets involved in U.S. economic mainstays.
Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed.