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Bacon Protocol launches decentralized mortgage platform By Cointelegraph

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Bacon Protocol launches decentralized mortgage platform

Decentralized mortgage lender Bacon Protocol officially launched on Tuesday, allowing cryptocurrency investors to participate in the housing market through a new stablecoin that’s backed by USD Coin (USDC) and home loans.

In addition to launching its protocol, Bacon announced Tuesday that it is holding a public sale of bHome token, which is described as a Stable+ Coin that’s backed “dollar for dollar” by USDC, liens and loans on properties in the United States. The BACON governance token will give participants additional benefits.