Cryptocurrency Provider Cloudbet Goes Live with USD Coin

Cryptocurrency Provider Cloudbet Goes Live with USD Coin

Crypto-operator Cloudbet, added USD Coin to its platform, marking the second-largest stablecoin integration since the launch of USD earlier this year. New players making USDC deposits with the operator are qualified for a welcome bonus of 1,000 USDC. Customers can buy currency online using a credit card. With this integration of USDC and USDT, the site now has the largest coins in the stablecoin market with an 18 billion dollar value. In cryptocurrency gaming, stablecoins are presented as a solution for players who want to protect the value of their cryptocurrency earnings from the price oscillations.

As with USDT, since the value of USDC has a balance with the US dollar at a 1: 1, the value of foreign exchange earnings does not fluctuate based on the cryptocurrency market price and, stablecoins have been proposed as a key to convincing a more audience to take advantage of crypto gambling.

Cloudbet sustains USDC on the Ethereum blockchain. The coin was presented by the Center consortium, an organization founded to supply a governance network and system for widespread adoption stablecoins.

Comments:

Cloudbet spokesperson said : “Since launch, a fundamental part of our philosophy has been about empowering players with technologies that solve their problems. Stablecoins are an extension of that.” 

Coinbase cited in October 2018 what now reads as rather a quaint picture of use cases: “A USDC follows the ERC-20 standard, which means it can be used with any app that accepts tokens based on that standard. The USDC can thus be used as a stable digital dollar to buy items in the crypto ecosystem, from Cryptokitties to tickets for blockchain-based games.”

More on the Provider:

Cloudbet, founded in 2013, is one of the pioneers of bitcoin gaming. The brand made sure to educate all of his potential players about the benefits of this new way of playing. All payments are instant and there is no withdrawal limit on the site. There is no payment processing fees and punters only have one step to register by email, so players' privacy remains safe and untouched. The site's sports betting section is getting more attention than the casino, and there is a welcome bonus as well as daily bonuses and tournaments. The game platform is big and provides titles for video slots, video poker, table games, jackpots, live dealer games and more. The brand has a license from Curacao jurisdiction.

Source:USD Coin - What it is and how it works”. Cloudbet. October 7, 2020.

Author: Ivan Stefanovic

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