Frequently asked questions
Short answers, stated plainly. Where something is uncertain or depends on where you live, the answer says so rather than pretending otherwise.
Buying
Can I buy a house with USDC?
Yes. On USDC Homes each home is held by a single-purpose LLC whose entire membership is one token, and that token is priced and settled in USDC. The stablecoin is never converted to dollars, and there is no escrow account or wire.
Can a foreigner buy US real estate?
Yes. The United States imposes no citizenship, residency or visa requirement on buying residential property. The practical obstacles are financing without US credit history, moving money across borders, and withholding tax on rental income and on sale.
Do I need a US bank account or US credit history?
Not to buy a home token. You need a self-custodied wallet, USDC on the network the token lives on, and enough native currency for gas. A US bank account and credit file matter for mortgages, and there is no mortgage here.
How long does a purchase take?
Settlement is a blockchain transaction, so it completes in minutes rather than the weeks a conventional closing takes. Converting the token back into direct LLC membership through redemption is an off-chain process handled by the registrar and takes longer.
What is the minimum I can invest?
There is no fractional entry. Each home is one indivisible token, so the minimum is the price of the whole home.
The token
How many tokens does each home have?
Exactly one. Every home token has zero decimals and a fixed supply of one, and the contract has no mint function, so a second unit can never be created.
Can I buy a fraction of a home?
No. The token has zero decimals and cannot be split. A wallet holds either the whole home or none of it.
What happens when I redeem the token?
Sending the token to the redemption address burns it permanently and raises a claim. The registrar then assigns the LLC's membership interests to you off-chain, subject to the operating agreement and applicable law. From that point you manage the LLC and the property yourself.
Who holds the deed to the property?
A single-purpose limited liability company formed for that one home. The token represents the membership of that company, so owning the token means owning the company that holds the deed.
Is a home token a security?
That is decided by courts and regulators on the facts, and it differs by jurisdiction. The structure is built to be whole-asset ownership rather than an investment product: no fractions, no pooling across homes, no manager, no distributions and no promised return. We do not represent that a token is not a security where you live, and you should take your own advice.
Bidding
What does Bid Only mean on a listing?
The home has not been tokenized yet, so there is nothing onchain to trade. A bid is a signed EIP-712 commitment carrying an amount in USDC and a deadline, which converts into a real limit order once the home is tokenized. It is not an escrow and no funds move when you sign it.
What does Instant Buy mean?
The home's token is deployed, so an order can be signed and filled today. You sign a UniswapX limit order through Permit2 and your USDC stays in your wallet until a filler settles it.
Can I list a home I own?
Yes. Paste your Zillow or Redfin link on the list page and the details fill themselves in, or enter the home by hand if it is not listed anywhere. A registrar reviews the submission before it appears publicly.
Risk
What happens if I lose my wallet?
The token is gone and so is the claim to the home. Nobody can restore it. There is no reset, no support ticket and no recovery process, which is the trade for holding the asset yourself.
Can I lose everything?
Yes. Property values can fall, a home can be damaged or condemned, title can be defective, smart contracts can be exploited, and a regulator can act. Do not commit funds you cannot afford to lose entirely.
Who is responsible for the property after I buy?
You are. On redemption you take full and sole responsibility for the LLC and everything in it: taxes, insurance, maintenance, HOA dues, tenants, compliance and liability. USDC Homes does not manage any property and takes no fee for doing so.
Taxes
What is FIRPTA?
FIRPTA requires a buyer to withhold a share of the gross sale price, commonly 15%, when the seller is a foreign person, and remit it to the IRS. It is withheld on the sale price rather than the profit, so it can exceed the tax actually owed and be reclaimed by filing.
Is buying a home token a taxable event?
In many jurisdictions, spending USDC is a disposal of that USDC and is taxable. The treatment of the token itself, of rental income and of an eventual sale varies by country. Take advice from someone qualified where you live.