Tether’s ticker or ‘code’ is USDT, which looks extremely similar to USD – and that’s not a coincidence. It’s because the price of Tether is directly pegged to the price of US dollars. The idea is that one USDT should be worth nearly the same as US$1.
In crypto circles this is called a stable coin, because the price is, well, stable. And that’s a really useful thing when you’re leaving big stacks in your casino account!
If you bet with Ripple, Ethereum, or any other crypto which isn’t a stable coin, there will be periods when the price of the coin increases or decreases dramatically in a short space of time. You might sign in, win US$10, and by the time you’ve signed in the next day you’re $20 down in terms of USD value.
USDT gambling is different. The amount you have in your account is likely to remain almost the same. All currency values fluctuate, including traditional ones like USD and INR, but to a much less noticeable extent.
Some of the best perks of a USDT casino include:
Stable balance. The price of Tether is tied to the US dollar, so it’s unlikely to fluctuate too much too quickly.
Fast withdrawals. Like other cryptos, USDT allows you to cash out your casino winnings at rapid pace, with no bank checks.
Extremely liquid. Tether typically has the largest trading volume of any crypto, making it easy to buy and sell.
Anonymous. Keep your financial details private by using USDT instead of INR.