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. Early participants in the sale will be eligible to receive additional rewards via the BACON governance token. Bacon Protocol works by giving homeowners the ability to exchange a lien on their property for a nonfungible token, or NFT, that represents a percentage of the property they purchased. The NFT gives buyers collateral to access other crypto markets, including decentralized finance (DeFi). The entire process will initially be facilitated by Virgin-backed LoanSnap, a financial services company that helps American homebuyers save on interest rates and other associated costs.