Back in the day we were just using the major coins like Bitcoin and some altcoins - no stablecoins yet. We gambled with the price volatility too, but we liked it because it was non-regulated and gave us full freedom in gambling.
Now crypto casinos are very regulated already, meaning we have to comply with KYC. And if we’re using stablecoins like USDT, USDC, BUSD, etc., then it’s really no different from fiat casinos since both the payment method and the casino itself are regulated.
The downside is, does blockchain now just feel like a wrapper? If I’m using USDT, it feels no different from betting with dollars on a centralized e-wallet, aside from slightly cheaper transfers.
So that’s my question, are they killing the crypto edge we enjoyed before?
There's no difference regarding on the situation happening right now.
Its just people knew the value of Bitcoin that's why majority just decide to HODL it then aim to earn profit for this coin.
There are still people using some alts especially that they are avoiding to pay huge fees. But also there are people using stable coin so they don't want to get worried about the volitity.
Those KYC compliance didn't happen because the existence of stable coin. It happen because government want to tighten up their regulation towards online casino because they are fight money laundering schemes and other frauds which is happening online. They don't want this platform to be used by this criminals to be an escape route for their illegal funds.