Tether (USDT) casino ▷ Best casinos with Stablecoins

Tether casinos allow gamblers to deposit and withdraw funds using Tether (USDT), a stablecoin cryptocurrency pegged to the value of the US dollar. These USDT casinos are good for players who prefer a more stable crypto. Our extensive review will guide you through the best Tether casinos and give you more details about USDT and why you should play at these casinos.

Tether is a cryptocurrency issued by Tether Limited in 2015. It refers to Stablecoins, which means, its value is fixed and linked to some fiat currency (in the case of USDT to the US dollar). This connection and the exchange rate maintained by the developers of this digital currency, keep a reserve of dollars equal to the amount of USDT to support the currency. Tether is issued by the Omni, TRON, and Ethereum blockchains and has been steadily increasing market capitalization. It ranks third to date.

There are currently 35 billion tokens in flow with a total capitalization of USD 37.08 billion. According to the latest publication by Moore Cayman (auditor of Tether Limited), the USDT developers hold $ 30.8 billion in commercial paper and $ 6.28 billion in cash or bank deposit accounts.

Distinctive features of Tether

The main difference between Tether over most cryptocurrencies is the stability of the exchange rate. Each coin is backed by an equal amount of fiat assets. But this doesn’t mean that the price of a teacher is always the same, if the dollar price changes, the USDT rate will change too.

Unfortunately, this connection makes the creator’s statement about the decentralization of the currency not realistic, since it’s impossible to ensure the stability of the dollar exchange rate without a centralized system. The operation of the Tether currency depends on the permission of the authorities and the support of banks, but it is also built on interaction with independent cryptocurrencies. It turns out that USDT interacts with other currencies, but differs significantly from them on the main qualities.

Why Tether is good for playing at the casino

Tether is a stable cryptocurrency with a fixed rate and its developers maintain transparent daily reporting, which will allow you to make sure that all USDT turnover meets the reserve (although it isn’t as smooth as they say).

Tether allows gamblers to use the coin for holding assets without worrying about volatility. USDT has a long history of use and widespread adoption. In most cases, Tether is used as an electronic dollar, it’s bought in order to keep their assets from depreciation. For example, when Dash coin drops, you can use USDT to protect your digital money. And in the case of a sharp rise, you can quickly buy it back, as converting Stable coin to crypto is quick and easy. In fact, the only feature of Stablecoin (linking of rate) provides several advantages for Tether casino at once:

Tether can be named as a “fast dollar” – since transactions in USDT, because of the blockchain technology, take a few seconds. So, you can buy Tether, make the transfer to any part of the world almost instantly, and then buy a dollar back;
Transfers between Tether wallets cost almost nothing, and exchange fees between different cryptocurrencies are very low. Compared to them, transfers of international banking systems like SWIFT have an extremely high commission. When it comes to international payments, it will be cheaper for you to buy a Tether, make a transaction, and then buy a dollar again. This can be useful for you if you want to play in a foreign online casino;
Most cryptocurrencies are characterized by high volatility, but it’s not about Stablecoin. USDT attracts gamblers who don’t want to lose money on a collapse during a transaction. When exchanging one cryptocurrency for another, the exchange rate of both currencies can change, and when exchanging Stablecoins, you only need to worry about the rate of fiat currency.

**TOP-5 Tether casinos**
Brand	Tether casino rating	Bonuses for Tether casinos players
bitStarz	98% game rating	250 Free spins Welcome Pack Up to with 30X Wagering
mBit	99% game rating	welcome package with 228133 USDT + 250 Free Spins
TrueFlip	92% casino rating	4 Deposit bonuses \| Up to 45626 USDT + 150 FS
CloudBet	95% game rating	100% Deposit bonus \| Welcome Pack Up to 228133 USDT
Bitcoincasino.io	94% game rating	100% Deposit bonus \| up to 44 USDT

Unfortunately, in addition to the strengths of the USDT casino, it also has several weaknesses, which are the negative effects of linking to the dollar:

Analysis of Stablecoin transactions showed that most of the tokens are concentrated in 100 wallets, which creates risks of manipulation of the coin rate;
The official website tether.to says that 100% of “tokens are backed by reserves.” However, the Commodity Futures Trading Commission sent Tether Limited a subpoena due to doubts about the veracity of this statement, after that, the developers said that the collateral is only 74% and part of the collateral is securities and money borrowed. At the same time, the company refuses to check these figures by an independent auditor;
At the network, you can find various information about hiding the real state of reserves, as well as manipulating the Bitcoin exchange rate in conjunction with Binance. Thanks to these manipulations, false trading volumes are created, thanks to which USDT is in first place among all cryptocurrencies in this parameter.

Conclusions

Tether, by itself, is an interesting project that is gaining popularity and has already attracted the interest of many gamblers. Also, despite the negative press and suspicions of fraud, Bloomberg predicts that the USDT will displace Ethereum from the position of the second-largest digital currency by capitalization. This is a good sign that confirms that casino Tether is a good alternative to other crypto-gambling sites. And this means that in the future more and more new tether casinos will appear. An additional argument could be considered the fact that all the disadvantages of USDT aren’t associated with gambling, but the advantages are affected by the straight line. For confirmation, let’s take a look at the pros and cons again (this time in short):

Pros:

Fast transactions;
Low fees;
Low volatility.

Cons:

Centralization;
The opacity of management and main holders;
You cannot trust statistics and find out real data about the currency.

Frequently Asked Questions about Tether Casino

Unlike “classical” cryptocurrencies, Stablecoin is linked to a particular fiat currency. For example, TrueUSD or USDT is connected with the US dollar, and at the same time, EURT is linked to the Euro.

Since this digital currency isn’t very popular, plus it’s usually used to solve business tasks, there are not many players playing at the USTD casino. But gradually more and more crypto gambling sites are adding a Tether as a payment option, and this shows that the popularity of such payments is growing.

No, despite the direct connection, the Stablecoin is volatile anyway, but hesitation isn’t significant. it could drop to $ 0.9 or rise to $ 1.1. But such fluctuations aren’t significant, so if you are looking for a stable currency for games tether gambling is for you.

Hi, gamblers! I am Ed - bitcoin casinos review specialist. I have been working as a casino dealer for 4 years. Later I started to work with online casinos, and when bitcoin appeared on the market, I realized that this is the future. Today I am a manager with 5 successfully launched bitcoin casinos behind, and I know how it works perfectly from the inside. So if you need a recipe for winning you are in the right place.

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Tether casino – gamble using USDT as a deposit and withdrawal method

Distinctive features of Tether

Why Tether is good for playing at the casino

Conclusions

Frequently Asked Questions about Tether Casino