Best Online Casinos that Accept the Tether Crypto Currency

Intro to Tether

Tether is one of the so-called stablecoins. Understanding that this word might be unfamiliar to many of our readers, our experts decided to give the most important information about this cryptocurrency.

Let’s start with the basics. Stablecoin is a cryptocurrency pegged to another payment method, most often, a popular fiat currency. In the case of USDT, this currency is the US Dollar. In other cases, cryptocurrencies can be pegged to precious metals or other traditional fiat currencies.

Nowadays, there are approximately 10 stablecoins around the world, and Tether is one of the most used among them. As the value of stablecoins fluctuates much less often that the value of other cryptocurrencies, this payment method is very popular with Internet users, especially online gamblers.

Tether was introduced to the financial world back in 2014, and its value has only insignificantly fluctuated since then, remaining very close to the value of the US Dollar. USDT was created by a team of developers named Brock Pierce, Reeve Collins, and Craig Sellars, and it was originally given the name of Realcoin. The reason for introducing the first stablecoin to the cryptocurrency market was to make it more controlled and predictable, and this aim received much appreciation from crypto users.

Why Choose Casinos that Accept Tether?

There is a whole row of the reasons why USDT is one of the best currencies to use at online casinos. In the list below, or specialists have named only some of them:

• Thanks to the use of blockchain technologies, all the transactions through cryptocurrencies are encrypted and completely safe. It is practically impossible to hack a transaction or gain access to a user’s personal data.
• While other cryptocurrencies’ values tend to fluctuate a lot, the value of USDT has remained close to the value of the US Dollar for years.
• Speed of transactions. The speed of cryptocurrency transactions depends on the size of the blocks in the blockchain, that is, how many transactions the blockchain can process per second. The blockchain of USDT is built in such a way that this cryptocurrency is considered one of the fastest ones.

Moreover, Tether is accepted at many online casinos thanks to its popularity. This means that finding a gambling platform that accepts USDT and matches all of one’s criteria is very easy.