Pages:
Author

Topic: Is it beneficial for the crypto casinos to add stable coins? - page 3. (Read 406 times)

legendary
Activity: 3066
Merit: 1312
Now, here's my questions, is it beneficial for the crypto gambling industry and can we expect other popular casinos in the forum will soon add stable coins?

There must be at least a good reason why casinos add stable coins. One of the possible reason is to gain more traffic and perhaps many of their players ask them to add it. Adding stable coins can be a trend in the future imho if the traffic on those early casinos who add stable casinos increase steadily or even significantly.

I found an article from playbetr about this case, just in case you want to read it for references https://www.playbetr.com/benefits-gambling-stablecoins
copper member
Activity: 146
Merit: 2
I came across the article below as I was browsing for gambling news today, it was cloudbet that I just found out they added stable coins already since I am not really an active user of the site though I created an account their years ago, which I can still access for sure.

Cloudbet Adds USD Tether as First Stablecoin Solution


Now, here's my questions, is it beneficial for the crypto gambling industry and can we expect other popular casinos in the forum will soon add stable coins?

USDT can be blacklisted, so it's not ideal for gaming.  DAI is fully decentralized, so I could see that taking off.

The sports betting exchange Degens.com uses DAI exclusively. It used to use ETH but the users wanted to make bets in something with n volatility.
legendary
Activity: 1904
Merit: 1563
In terms of volatility, yes, USDT allows their players to be somehow invincible to the high volatility rate of bitcoin and any other altcoins such as ETH, DOGE, etc..

But how about the governing body who makes USDT or stablecoin become prone to freezing if such user reluctantly gamble such large amount of money exposing the site as a hot reservoir for central authorities. Isn't it that it defeats the purpose of using cryptocurrency in which gambler/crypto gamblers has the ability optimize their privacy and secure their coins knowing that most of the gambling site does not require KYC.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
It will give more traffic to their site for sure because most bitcoin users are not interested in spending their cryptos right now so stable coin holders will visit sites and will try their luck on gambling.But I think they crypto gambling sites need fiat casino license as well if they want to add any stable coin, correct me if I am wrong.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
I came across the article below as I was browsing for gambling news today, it was cloudbet that I just found out they added stable coins already since I am not really an active user of the site though I created an account their years ago, which I can still access for sure.

Cloudbet Adds USD Tether as First Stablecoin Solution


Now, here's my questions, is it beneficial for the crypto gambling industry and can we expect other popular casinos in the forum will soon add stable coins?
Pages:
Jump to: