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Cloudbet integrates Ethena USDe (sUSDe) Stablecoin and ENA token | Currency News | Financial and business news
Willemstad, Curaçao, Netherlands, June 27, 2024, Chainwire
Cloudbet, a leading cryptocurrency casino and bookmaker, has announced the integration of Ethena USDe (sUSDe) AND EN. By integrating sUSDe into the platform, bettors now have the opportunity 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 generate profits,” says a Cloudbet spokesperson, “Users can potentially offset the costs of their bets 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 a thorough assessment of the current cryptocurrency landscape and in consultation with the broader crypto community. 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 drawn to Ethena and the concept of Internet Native Yield,” says a Cloudbet spokesperson, “USDe’s underlying mechanics offer an advantage over popular stablecoins, as users can stake USDe to earn sUSDe and gain access to the yield generated by the protocol*. It gives Cloudbet users a superior edge over other bettors, so it was, of course, a high priority item in the product roadmap.”
*As of June 27, 2024, the USD 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
Cloudbet is a proud pioneer in crypto 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 such as 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.
Contact
Irene
Halcyon Super Holdings BV Limited Company
irene@cloudbet.com