Blockchain
Cloudbet integrates Ethena USDe (sUSDe) Stablecoin and ENA token – Blockchain News, Opinion, TV and Work
Willemstad, Curaçao, Netherlands, June 27, 2024, Chainwire
Betting on the clouda leading cryptocurrency casino and bookmaker, has announced the integration of Ethena USDe (sUSDe) AND ENA. By integrating sUSDe onto the platform, bettors now have the ability to receive returns even when their funds are not wagered.
The move introduces a new level of flexibility and financial efficiency for Cloudbet users. Traditionally, when users deposit funds into their gaming accounts, those funds remain dormant until they place their bets. Cloudbet’s integration of sUSDe, the staked version of the USDe algorithmic stablecoin, has completely changed the betting paradigm, setting a new standard for user-centric innovation.
“Whether a user is betting or taking a break, their sUSDe continues to be earned,” says a Cloudbet spokesperson, “Users can potentially offset betting costs or increase their bankroll, generating value beyond their betting activities on the platform.”
Cloudbet’s decision to integrate Ethena’s USDe, sUSDe, and ENA comes after careful consideration of the current cryptocurrency landscape and in consultation with the cryptocurrency community at large. After speaking with several prominent voices at the forefront of the digital currency space, it became imperative to offer this opportunity.
The decision to include Ethena tokens and ENA, the governance token for the Ethena protocol launched at $0.55 in April 2024, is indicative of the platform’s proactive and crypto-native approach to developments in the industry.
“We, like much of the crypto community, were attracted to Ethena and the concept of Internet Native Yield,” says the Cloudbet spokesperson, “The underlying mechanics of USDe offer an advantage over more popular stablecoins, as users they can stake USDe to get sUSDe and gain access to the yield generated by the protocol* It gives Cloudbet users a superior advantage over other bettors, so it was, obviously, a high priority item in the product roadmap.”
*As of June 27, 2024, sUSDe yield is 10.1%.
Furthering its commitment to crypto-friendly online gaming, Cloudbet has also expanded its support to more blockchain networks, including TON and Base.
About Cloudbet
Bet on the cloud is a proud pioneer of cryptocurrency betting.
Since its launch in 2013, Cloudbet was the first casino and bookmaker in the world to accept cryptocurrencies and has served hundreds of thousands of users and accepted millions of bets, establishing itself as the most reliable, secure and VIP-friendly brand in the gaming industry in cryptocurrency.
Cloudbettors can bet with over 30 cryptocurrencies, from Bitcoin, Ethereum, and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French, and Japanese).
For media inquiries, quotes and insights, users can contact media@cloudbet.com.
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