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Launched initially as RealCoin in July 2014, It’d take five months for RealCoin to become rebranded into Tether.
This decentralised cryptocurrency was first launched in Hong Kong, whereby an international release date was submitted for November 20th, 2014. This decision was made by cofounders Reeve Collins, Craig Sellars and Brock Pierce.
Through the combined actions of these cofounders, Tether launched the USDT Cryptocurrency in February 2015. This coin would start trading at valuations of $1.00 and retain those margins for six years. This meant consumers could purchase the USDT at $1.00 value per coin, which has made Tether popular amongst blockchain gambling communities.
If you search for Crypto Play Casinos only, you’ll get many hits on Tether Casinos. One of the most popular cryptocurrencies on the market, Tether (USDT) has distinguished itself from the other crypto heavyweights. Launched in 2014 by Tether Limited, this particular crypto misses one thing other cryptos don’t – the price volatility.
Not that it’s a bad thing. Tether is tethered or backed by the US Dollar, which puts its value to a constant $1. As such, it’s not seen as an investment like Bitcoin, but rather a transaction tool. Tether allows casino players to get their money’s worth in crypto. It comes with all the advantages of cryptocurrencies, without the price volatility which is the worst thing about them.
Since its price is always set at $1 — with slight corrections — crypto casino players can easily use it to manage their bankrolls. Transactions are still anonymous and fast, with no fees paid on deposits and withdrawals.
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Tether is known as a stablecoin rather than a cryptocurrency. It’s the largest cryptocurrencies by trading volume, even surpassing Bitcoin. That’s because many traders use it to buy cryptocurrencies thanks to its stable price.
That’s also the main reason why it’s a perfect fit for Crypto Casinos. In recent times, the number of Tether casinos has tripled or more. It’s considered a ‘safer’ cryptocurrency than others, allowing players to play their favorite games anonymous without worrying about high volatility and losing a fraction of their investment.
There are several fantastic reasons why people should buy into Tether and begin using them when gaming online.
In terms of cryptocurrencies, USDT is up there with the best as it holds its value. It also comes with the usual benefits of a crypto token and is therefore ideal for online play.
We’ve mentioned the stability of Tether several times. Still, it’s this combined with the general safety it provides which makes it an acceptable payment method to casinos offering crypto-based deposits.
Another major benefit of using the stablecoin at USDT Casinos are the anonymous transactions. With Tether, you can rest your mind at ease about any data leaks. Your transaction and private data will stay safe, as the blockchains never share this information.
One notable benefit of USDT is that it’s easy to manage your bankroll with it. For example, if you use it over Bitcoin to claim a bonus, you can deposit the minimum amount equal to a fiat money USD deposit.
USDT and USD are tethered to each other, which means that $1 buys you 1 USDT. Thanks to this, you don’t have to worry about depositing tiny BTC amounts which can be a bit messy to calculate.
Depositing with Tether is easy and straightforward. The stablecoin is available at all crypto exchanges. Once you buy your money’s worth of Tether, you should store it in a safe crypto wallet. Only then you’ll be able to make a deposit at a Tether Casino.
The whole process only takes a couple of minutes, and is fee-free at the Best Tether Casinos.
When you request a withdrawal via Tether, you should receive your winnings almost instantly. Tether casino withdrawals are made in almost the same way as making a deposit.
You should keep in mind that some USDT Coin Casinos will require a KYC check before you can complete a withdrawal. Or they may delay withdrawals due to their own processing times, but after that, your winnings will hit your Tether wallet right away.
More and more people will hear about Tether nowadays, which is a form of cryptocurrency, especially as most other coins and tokens out there are prone to significant price swings. Tether is effectively tethered to the U.S. Dollar, immediately making it one of the most stable and reliable cryptocurrency tokens on the market. Therefore, users of the coin will be more likely to see its value retained, and they then go on to use it at online gaming platforms, for example.
As we mentioned above, Tether is what is known as a stablecoin, so, by investing money into the token, it’s more likely to hold its value than many other similar products on the market. The volatility of cryptocurrencies is their most significant drawback, but Tether negates this.
Tether’s popularity has grown as a result of it being stable. As it’s also a cryptocurrency, it’s perfect for online casino gamers who understand the benefits of using such a token as a way to pay.
Tether is an approved cryptocurrency with multiple online casinos because it’s a reputable coin. It’s available through both the Ethereum and TRON blockchains, which adds further weight to its cause.
Tether, in many ways, is similar as well as different from other crypto tokens on the market. It’s a stable coin, which means it isn’t volatile in price. And, this is its most significant advantage and a reason for its popularity.
Operators will, in most cases, advertise introductory offers on their website or app. But social media platforms and affiliate blogs are perfect resources to check out for new player bonuses, too.
Tether is a cryptocurrency which punters can use to add funds to their gaming account directly on platforms which accept USDT. In some cases, Tether must convert into a native token.
Typically, gambling establishments that accept USDT Deposits will require $5.00 to $20.00 as the minimum.
Payout’s restrictions are dependent on the betting establishments Terms of Conditions. However, most withdrawals will be allowed.
Technically speaking, Tethers aren’t regulated by international governments. But USDT Coins aren’t illegal to purchase or use.
In most cases, there’ll be Free-to-Play Games offered alongside these gambling establishment
Payouts in USDT are released to gamblers within 24 to 48 hours.