Straight off the bet, you’ll notice something about USD Coin. The name of this cryptocurrency tells you immediately that it is supposed to be pegged to the US dollar. We’ve heard this before with Tether (USDT), and that didn’t turn out to be the case. Naturally, there’s a fair bit of skepticism in the air concerning USDC (USD Coin).
Show more Like Tether, we know that USD Coin appears regularly at online casinos, and it has been growing in popularity over the last year or so. Is this a cryptocurrency that is very much in the same vein as Tether, or is it more trustworthy? Join us at BTCGOSU as we explore USD Coin and see what it can do for you. First, though, let us introduce you to some of the creams of the crop – our trusted and certified USD Coin casinos.
Like Tether, we know that USD Coin appears regularly at online casinos, and it has been growing in popularity over the last year or so. Is this a cryptocurrency that is very much in the same vein as Tether, or is it more trustworthy? Join us at BTCGOSU as we explore USD Coin and see what it can do for you. First, though, let us introduce you to some of the creams of the crop – our trusted and certified USD Coin casinos.
As touched on, USD Coin gets its name from the fact that it is tied to the US dollar. This stablecoin can be found at CoinBase and other established exchanges, which lends a bit of credibility to its operation. Now, the claim is that every USD Coin is backed by a single US dollar in Circle’s (the consortium behind USDC) reserve. However, it also states that it may be backed by “approved investments”, and that’s the worry. This is the same as Tether.
In short, the way it works is this – a buyer purchases a USD Coin for $1. A smart contract is created to issue the buyer with the equivalent in USDC. The US dollars used to purchase the USDC are held in Circle’s reserve. Redeeming USDC coins merely involve the reverse process.
Despite its similarities with Tether, USDC is deemed to be safe than Tether, as its “investments” are much more grounded to the US dollar than USDT, which has involved euros and other currencies in the past.
Now that you know what USD Coins are, it shouldn’t take much of a leap for you to figure out what a USD Coin casino site is. Naturally, this is an online casino (or any betting site, really) that accepts USDC as a payment option and currency. Compared to its chief rival’s (USDT) sites, there are not as many USD Coin casinos out there, but they are starting to emerge. You won’t have to worry about that, though, as we’ve got the very best of them listed right here.
Playing casino games with USD Coins should be a straightforward process. Like Tether, the value of each bet is fixed to the US dollar, and as the USD is one of the most used real currencies in the online gambling world, playing games “should” be easy.
Numerous software providers have already made steps to make USD Coins an available currency in their games. These include:
There are some perks to betting with USD Coins at crypto casinos, and we’ve got the best of them listed for you right here. They include:
Because USD Coins are pegged to the US dollar, it won’t take much for you to figure out their worth. The chances of your overspending and wagering too much are nowhere near as high since you can easily figure out the cost.
The downside to using a stablecoin such as USDC is that it won’t really increase in value. That’s bad from an investment perspective. However, the good news is that it won’t decrease in value, either.
Given how easy it is for software providers to make their games USD Coin-friendly (because it is pegged to the dollar), we’re more likely to see a host of USDC games available at crypto casinos before some of the other fledgling stablecoins out there.
Not everything is rosy with USD Coin. For instance, we can make the following observations about the cryptocurrency:
While having stability is much appreciated, there is no volatility at all with USDC. This means that there is no way to be cheeky with the cryptocurrency (by letting its value grow) at USD Coin betting sites.
Some crypto users consider USD Coin too similar to Tether (USDT) and given how it is not always backed by US dollars, but sometimes investments, we can understand that. While seemingly safer than Tether, the comparisons won’t go away overnight and could be costing USDC some investors.
If you’re stuck on a way to find the best USD Coin Casinos, BTCGOSU has some advice that just might help you decide. Allow us to explain:
As touched on, we recommend that you choose one of our USD Coin-friendly crypto casinos if you want to be safe. Allow us to introduce you to one of our finest recruits below:
Betting with USD Coin at online casinos is becoming easier by the day. Here are the steps you’re going to want to take to get started right now…
USD Coin is, simply put, one of the easier cryptocurrencies you can learn to use because it is pegged or tethered to the US dollar. Yes, many have reservations about the “backing” behind the cryptocurrency, but nobody can deny that it is a perfect fit for new crypto gamblers due to its simplicity. We can readily recommend several USD Coin betting sites for you to join right here today.
Before diving into a USD Coin Casino, allow us to provide you with one final splash of assistance right here in our USDC casino gambling FAQ guide.
Yes. USD Coin bonuses should be available at any site that prefers this cryptocurrency over others. Our reviews should help you find an applicable and agreeable place to play.
Yes. There are a handful of casino software providers that have gone out of their way to make some of their casino games USDC-friendly. However, there aren’t many of these, so check our reviews to find your best options.
Most of the major ones do. We find that CoinBase tends to be one of the better options if you want to get your hands on USDC. There are others, though, so don’t feel as though you must take our advice on that.
Absolutely. There are one or two countries that have prohibited cryptocurrencies, but for the most part, cryptos like USD Coin are not governed by borders and are international currencies, so to speak.
Well, given the USDC stands for US Dollar Coin, it is a safe bet that you should be able to pick up 1 USDC for $1. If not, we’d have some concerns about why the cryptocurrency has the name that it does. This 1 USDC to 1 USD rate, of course, doesn’t include any fees or charges.