Renowned online casinos, esports betting, and sports betting platform Cloudbet has recently added USD Tether to the portfolio of digital coins that are available to its customers. This marks a huge milestone for the company because this is the very first time that it is venturing into the rather nascent world of stablecoin betting.
With the new stablecoin betting options, the customers can look forward to a ton of fun when indulging in their favorite casino games. The site currently has a very robust collection of casino games including poker, baccarat, roulette, blackjack, and even slots. Fans of sports betting will also have a lot of fun while anyone who is interested in esports will definitely appreciate the casino’s new esports betting offering which is arguably the best in the industry.
While the addition of USD Tether was just announced towards the end of May 2020, the feature was first put through a whole month of extensive testing. This was to ensure that everything was working as expected by having a select number of customers try out the feature and report their feedback to the operator.
After ascertaining that everything was working as expected, Cloudbet finally made the move to roll out the new stablecoin feature to all of its users. Now all of its customers can enjoy making deposits, betting, and withdrawing funds from their casino accounts using USD Tether.
Needless to say, this is a tremendous step forward for the blockchain-powered iGaming platform as it strives to expand its services further.
Why Stablecoins?
For anyone who has been paying even a tiny bit of attention to the world of crypto, the fluctuations in the market are something that is quite common. Even though die-hard crypto enthusiasts might not feel pressured by the volatility, many other people are not willing to put up with that much uncertainty.
As such, there has been a need for more cryptocurrency innovations. This is why digital tokens that are pegged to real-world asses or FIAT currency come in. They assist the gaming platforms in avoiding the volatility that is commonplace in the world of crypto.
USD Tether (USDT), otherwise referred to as Tether, is one of these stablecoins and its value is pegged to the US Dollar on a 1 to 1 basis. Naturally, this makes it a very attractive option for anyone who has been meaning to try out betting on crypto-powered platforms such as Cloudbet.
“Since launch, a fundamental part of our philosophy has been about empowering players with technologies that solve their problems. USDT and stablecoins are an extension of that.”
Cloudbet.
In addition to the protection from volatility that stablecoins offer, they are also known for offering very fast transactions. What more could you ask for?
