Betting with stablecoin

Une courbe de l'USDT

Cryptocurrency options are becoming more and more widely used in online sports betting. While bitcoin is no longer a secret to the majority of bettors, recent digital currencies are gradually entering the scene. These are the stablecoins, which you can also use to place bets.

What is a stablecoin?

Un stablecoin est un type de cybermonnaie étroitement lié à un actif sous-jacent à l’like a fiduciary or national currency. It can also be attached to precious metals just like gold. It is easily recognized by the stability of its value.

In other words, the volatility of the market generally has no impact on stablecoins. These stablecoins have evolved in the digital economy and today come in a variety of projects. The most popular stablecoins are:

  • Tether or USDT: Based on bitcoin, this is the most balanced stablecoin whose value is linked to the US dollar. Its price is $1.
  • TrueUSD or TUSD: Valued for its transparency and security, TUSD helps reduce the risk of detour.
  • USD Coin or USDC: the value does not change, but USDC runs on the Ethereum blockchain.
  • Maker Dai or DAI: this is a back-to-back part of the ERC20 that uses smart contracts to maintain its reliability.
  • Synthetix or sUDS: formerly known as Havven, it creates synthetic digital currencies through the Ethereum blockchain.

How to bet with stablecoins?

Two people who win their bet

Online betting with stablecoins shares the same procedure as a bet with a regular cryptocurrency.

  • Find a trusted bookmaker

    Just because your bookmaker allows payments in crypto assets doesn't mean they would be inclined to favor stablecoins. So the first step is to find out what the betting site's payment methods are. If you have any doubts, just browse the interface of the latter or talk to a customer service agent.

    Rank Specificity Discover
    1 Operator specialized in crypto, has a Curaçao license and does not require identity verification. Wide range of sports + live + app + eSport. 100% bonus up to 100 USDT. Go
    2 Very complete and secure sports betting and casino site that accepts major crypto currencies. 100% bonus up to €100. Go
    3 Operator known for its very good odds on niche sports. Accepts all players but requires KYC. Accepts crypto. 100€ bonus but difficult to unlock. Go

    Another point is the territory. Be aware that not all bookmakers operate in all countries. If yours is not in its territorial jurisdiction, it is definitely not the ideal choice.

  • Open an account with your bookmaker

    If you find the right sports betting site, the next step is to register. Enter your details in order to create a player account. With stablecoins, the process of becoming an active member is quick and easy. No need to have your identity validated with external documents.

  • Get stablecoins online to make your deposit

    While the main way to get a stablecoin is to buy it, note that there are several ways to make this acquisition. However, you should opt for a token upfront. As you will have understood, stablecoins come in various tokens. Subsequently, go to a secure exchange platform. The purchase takes place in the form of a barter. In other words, you exchange a stablecoin for crypto currency or real money via your bank card.

    The purchased chips will then be transferred to your Wallet, but should not be kept there. You will need them to bet on your favorite competitions. To do this, go to the deposit area on the bookmaker's website and choose your stablecoin. Convert the number of tokens into a local currency and confirm the transaction. Your account will be funded within minutes.

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