Users mint HOME by depositing stablecoins (USDC/USDT/DAI); the protocol issues overcollateralized loans secured by liens on U.S. homes, and homeowner repayments are distributed to HOME holders.

HomeCoin issues HOME, a USD-pegged, yield-bearing stablecoin backed by a pool of overcollateralized U.S. residential mortgage loans.

HomeCoin (homecoin.finance) is operated by LoanSnap, Inc., a U.S. AI mortgage company founded by Karl Jacob and Allan Carroll. Disclosed LoanSnap backers include Benchmark, True Ventures, and Virgin Group.