HomeCoin

HomeCoin is a dollar token that draws its value from American home loans. Built by the team behind LoanSnap through the Bacon Protocol and its Home Finance successor, it is backed by a pool of USDC together with liens and residential mortgages on US property, effectively packaging real-estate debt into a tradeable claim. Because that debt earns interest, the token accrues yield over time rather than sitting flat at a dollar, so a holder owns a share of the mortgage pool more than a static cash equivalent. There is no KYC and no company redemption desk: HOME is bought and sold permissionlessly for USDC on the protocol's app, so the exit is the open market and the underlying loan pool rather than a fiat window. The design is novel but ties the token's stability to housing credit and servicer performance, risks a cash-backed stablecoin avoids.