Post
Topic
Board Gambling discussion
Re: Is it beneficial for the crypto casinos to add stable coins?
by
Bttzed03
on 10/07/2020, 13:49:00 UTC
It could be beneficial but aren't USDT centralized? wouldn't that defeat wanting to gamble anonymously or without a central authority?
I don't think adding USDT makes any difference. Cloudbet is a centralized gambling platform who also asks verification if needed anyway.



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Blacklisted how? I think it's volume is big enough for gamblers to think that USDT is quite good for online gambling since its very liquid.

Can you enlighten me a bit on the "Blacklisted" thing?
Maybe he meant USDT can be frozen unlike DAI.


Read more - PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets



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Like the Crypto casino doesn't have KYC which is most fiat-based gambling sites do.
They don't always implement it but they do require KYC in cases like huge withdrawals or when they suspect users of fraudulent activities.