News
Cloudbet integrates Ethena USDe (sUSDe) stablecoin and ENA tokens
Share this article
Willemstad, Curaçao, Netherlands, June 27, 2024, Chainwire
Betting on the cloudone of the leading cryptocurrency casinos and sportsbooks, has announced the integration of Ethena USDe (sUSDe) AND ENA. 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 evaluation of the current cryptocurrency landscape and in consultation with the crypto community at large. After speaking with several prominent voices at the forefront of the world of digital currencies, 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 sector.
“We, like much of the crypto community, were attracted to Ethena and the concept of Internet Native Yield,” says the Cloudbet spokesperson, “The underlying mechanisms of USDe provide an advantage over more popular stablecoins, as users can bet 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.”
*Starting 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
Cloudbet is a proud pioneer of cryptocurrency betting.
Since its launch in 2013, Cloudbet has been the world’s first crypto-accepting casino and bookmaker, serving hundreds of thousands of users and accepting millions of bets, establishing itself as the most trusted, secure and VIP-friendly brand in the cryptocurrency gaming industry.
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 [email protected].
Contact
Irene
Halcyon Super Holdings BV Limited Company
[email protected]
Share this article