Moving forward, Cloudbet customers will be able to transact money using one of the most popular stablecoins, following the previous integration of USD Tether in May.
New players may now use USDC to deposit and withdraw, as well as claim a native bonus solution to the tune of 1000 USDC.
By expanding its offer to USDC, Cloudbet de facto supports every mainstream crypto currency – including stablecoins making it easy for new players to pick the payment solution they feel the most comfortable with.
Stablecoins have turned out to be a particularly powerful solution, as they are pegged to the value of the US dollar.
In fact, they are worth exactly as much as the current course of the US dollar, giving them both the anonymity of blockchain and the technology's speed of transaction but also eliminating the risk factor of fluctuations.
A Cloudbet spokesperson was excited to comment on the development, saying:
“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.”
Put simply, Cloudbet believes that the addition of USDC enhances the user experience and makes the sportsbook far more reachable to the average crypto user.
Cloudbet went through a major re-launch in April, adding extensive markets and improving on existing ones.
It remains a leader in sports betting products, and specifically by offering competitive odds and accessible betting offer.
Place your Cloudbet wager today, whether you bet on sports, politics or esports.
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