Why is Tether (USDT) So Popular on Crypto Casinos?

Cryptocurrencies have now become a mainstay within the casino community, and this trend shows no signs of abating.

Still, some tend to be preferred more than others. Tether (USDT) is one well-known example. Whether you’re thinking about opening a crypto gaming account for the first time or you instead want to take advantage of Bitcoin alternatives, it “pays” to appreciate why USDT could represent the ideal solution.

Let’s examine some distinct advantages that Tether can provide.

All About Stability

Tether falls into a unique class of cryptocurrencies known as stablecoins. As the term suggests, these tokens tend to be associated with less volatility when compared to other options such as altcoins or NFTs. Other examples of well-known stablecoins include DAI, USDC, and FRAX. So, what makes Tether so reliable?

Unlike some other tokens, Tether is directly pegged to the United States dollar at a 1:1 ratio. This is important, as pronounced price swings are much less likely to occur. This is also a massive benefit for players, as they last thing they want is to withdraw their winnings only to later realize that they’ve been taken to the cleaners thanks to a sudden shift in value.

We should also mention that Tether currently enjoys the highest market capitalization out of all stablecoins (valued at $113,643,183,892 at the time that this article was written).

Rating: 9.17/10
Supply: 76,310,896,640 / 32,297,366,522
Release date: June 10, 2014

Description: Discover Tether (USDT) and be part of the cryptocurrency revolution.

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Widespread Recognition

This next observation can also apply to other mainstream tokens such as BTC and ETH. However, it still needs to be highlighted before moving on. Players might find it tough to come across a casino that recognizes lesser-known tokens; possibly presenting an issue when making deposits and withdrawals.

The good news is that Tether now enjoys a global reputation. The chances are high that any hybrid or crypto-only casino will now contain USDT within its list of approved transactions. As more players adopt Tether as a payment method, casinos should likewise continue to follow suit. So, expect to see the famous USDT logo across the digital gaming community.

Which casino to try?

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If we had to pick any particular casino to recommend to HODLers of USDT, it would have to be Cryptorino I think. For the simple (but certainly not average) reason of its whopping 65,000 USDT welcome package! Not bad, right.

Plus, with Cryptorino you don’t need to worry about any kind of KYC as it’s what’s known as an anonymous casino (toplist) where you don’t need to provide anything more than very basic information such as email and chosen password. No ID card scans, no utility bill uploads, nothing, nada.

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Striking While the Iron is Hot

Have you ever registered with a casino only to quickly become frustrated with the time it takes to approve a transaction request? Indeed, some players might even have to wait days before a traditional option such as a bank transfer is approved. This certainly isn’t the case with USDT.

Tether employs the latest blockchain technology (such as ERC20) to ensure extremely fast transaction executions. This approach also helps to ensure a higher degree of efficiency; reducing (and often eliminating) any gas fees, and providing the ability to complete a transfer within a matter of minutes. Why wait any longer to withdraw your winnings or make a deposit? It really is that simple!

Crypto Wallet Compatibility

All the features mentioned above bring us to yet another important observation. The sheer popularity of Tether signifies that it’ll be accepted by the vast majority of trusted cryptocurrency wallets. Even casinos that have developed their own proprietary wallets are just as likely to accept USDT as a transfer option. This isn’t always the case with newer tokens or those associated with relatively low trading volumes.

Security and Privacy

Most of us are aware of the threats currently posed by hacking. Whether resulting from a state-sponsored organization or carried out by a 40-year-old virgin (NOT Steve Carell) living in the basement of his parents’ house, the risks are very real. Stablecoins such as USDT offer a pronounced edge when compared to typical fiat payment solutions. This is once again due to the highly secure nature of the blockchain. Those who happen to come across a casino that doesn’t require any type of KYC verification are even more lucky, as they’ll be able to enjoy an entirely anonymous gaming experience.

Fees

We should finally address the fees attributed to USDT transactions. While it’s impossible to speak for every casino, the vast majority won’t impose any additional charges when making a deposit or withdrawal. Anyone who has ever used other methods such as credit cards or bank transfers knows that this is indeed a breath of fresh air. After all, why share your hard-earned winnings with anyone else?

A Sign of the Times

We can now see why Tether is the bee’s knees when discussing online casino payment methods. There’s little doubt that the global popularity of USDT will continue to grow, and so will the number of casinos which choose to accept this unique option.

Cryptorino is unfortunately not allowing players from your country, but we would suggest that you check out Cryptorino instead.

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