Best USA stablecoin sportsbooks for Tether and USDC?

Discussion in 'Bitcoin Sports Betting' started by Humble Servant, Mar 10, 2023.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    The world of cryptocurrency sports betting has changed a lot over the past couple of years. Most online bookies started out by just accepting Bitcoin and then over time they added other popular cryptocurrencies like Ethereum and Litecoin. In 2022, however, we saw the emergence of stablecoins that were backed by fiat currencies and whose price didn't fluctuate daily against the euro, pound or dollar. Stablecoins like Binance Coin, USD Coin and Tether (USDT) became popular with crypto-bookmakers because gamblers were able to deposit or withdraw instantly for almost no fee and they didn't have to deal with any price volatility.

    Despite the growing popularity of stablecoins for online gambling, not all United States sportsbooks currently accept stables so we decided to start a forum post where you can add your favourites or ask any questions. Below are a couple of our favourites but please add your own....


    Here are a few of our favourite stablecoin-friendly sports betting sites. Most of them welcome United States citizens.

    It's hard to remember a time when Bovada weren't a powerhouse in online gambling. This online bookie welcomes real-money sports bettors from most states in the US. In addition to offering banking with most popular cryptos like BTC and ETH, they now also support deposits and withdrawals using Tether (USDT), which is the largest and most popular stablecoin in the world. Deposits and withdrawals are processed almost instantly and there are no fees.

    BetOnline have been serving sports bettors in the United States for over 20 years. They also welcome gamblers from Europe, Australia, Asia and the United Kingdom. Their cashier supports credit/debit cards, cryptos (BTC, ETH etc.) and now stablecoins. BetOnline customers can now instantly and cheaply deposit or withdraw from the bookmaker with the 2 most popular sportsbooks, USDT (Tether) and USDC (USD Coin).
    Last edited: Mar 10, 2023
  2. 4TheWin

    4TheWin Member

    are there wallets that can store these stablecoins? can i store them in my coinbase wallet for example?
    Jake21 likes this.
  3. Jake21

    Jake21 Member

    You can't self custody stablecoins like Tether because they are issued by a central authority. They are basically IOU's from organization like Tether, Binance and Circle which can be reclaimed later.

    Crypto's like bitcoin are decentralized so you can self custody those on wallets like blue wallet or muun.

    My advice is to keep your stablecoins on an exchange with a good record for protecting user funds like Kraken. I tend to avoid exchanges like Binance because there is a lack of transparency and too many rumors.
  4. PokerGod

    PokerGod Member

    tether is owned by bitfinex so i tend to buy and store my tether there. if they are the issuer, then surely they are the least likely to fuck things up.

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