The bookmaker offers players to place bets in stablecoins.

The international cryptocurrency bookmaker added the USD Coin-coin tied to the company’s dollar account to its portfolio of available digital coins. Platform players were given access to the most capitalized stablecoins on the crypto gambling market. The USDS and USDT market value is estimated at $ 18 billion.
Cloudbet explains this decision as a new opportunity for players to protect their winnings in cryptocurrency from sudden fluctuations. Holders of a digital currency that is not tied to stocks of conventional currencies or physical goods do not have such a guarantee.
By the way, SEC in court obtained a fine for another cryptocurrency bookmaker for illegal initial placement of coins on the exchange. The company has to pay $ 6 million.

The company says that the value of the USDC is fixed at a ratio of 1 coin to 1 dollar, the size of the winnings does not fluctuate with changes in the market prices of cryptocurrencies. The purpose of the integration is also the desire of the bookmaker to create a more positive impression of fiat currency among the audience that uses sports betting services. the company is positioning the technology as a way to solve bettors’ problems that arise when making deposits or withdrawing funds from platforms.
The stablecoin USDC operates on the Ethereum blockchain and was introduced by the Center consortium, founded by Coinbase and Circle, to operate the structure and manage the network of stablecoins backed by fiat.
Cloudbet plans to issue a large batch of digital coins. The company continues to accept Bitcoin and Ethereum, has expanded the possibilities of replenishing the deposit using credit funds and is offering a large bonus to new users.