Cloudbet has chosen MakerDAO's Dai token to add more stability and security to consumers in the region.
The initiative comes along with the “Red Card Money Back” promotion which will allow sports fans to pick an Argentine soccer event and bet on it using Dai.
New players will be eligible for a 1,000 Dai welcome bonus, making it possible to start with a significant war chest when you first join Cloudbet in Argentina.
The Dai token complements a selection of stablecoins already featured as part of the offer, including USD Tether, USD Coin and Pax Gold.
Cloudbet has been focusing on stablecoins as a way to allow players and bettors to use a currency that isn't prone to sudden changes in value.
Commenting on stablecoins and the recent move, a Cloudbet spokesperson said:”Stablecoins are supremely relevant in Argentina, where individuals are looking to protect the value of their assets. We said recently that we intend to add more coins that are specifically appropriate for this market, and we’re now following through.”
Cloudbet has been spearheading innovation in the crypto betting space, after introducing several no margin promotions, with the sportsbook charging no fees on individual bets. The company followed up with the “best odds” campaigns.
Cloudbet remains a leader in gaming solutions and with the company's expansion on the Latin American market, more good things are coming the operator’s way.
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