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?
I don't think that they're on that point but just giving their customers the ease and convenience and that's why they're adding those stablecoins. There are a lot of users that don't like to use the traditional and first cryptos that they've adopted mainly, BTC and ETH. And with these options, they don't want to lose them but at some point, you have hit it that they're more obligated to dealt with KYC. Since many casinos nowadays are already requiring their users for KYC if they're spending a lot, this is like a double purpose for those users who also uses stable coins.