Back to home
Crypto Contributor

The Role of Stablecoins in Reducing Volatility for Online Casino Players

Coinranking
Coinranking

If you’re already into gaming at crypto casinos, you’re probably loving the huge range of games you can access, the low-key ID requirements that keep you private, and the high-speed transactions that let you wager and withdraw winnings quickly and hassle-free.

But how are you finding the volatility? If you game with cryptocurrencies like Bitcoin or any of the other 20+ coins often allowed in crypto casinos, you’ve probably found that they’re pretty volatile and can swing about in value throughout the day.

It’s great if you gain on the upside, but a pain when you’re trying to keep a hold of your bankroll and avoid dips just as you’re depositing or trying to cash out a win.

So we’re going to look at stablecoins as a way to get around this issue when you’re gaming.

We’ll cover everything you need to know about stablecoins, let you know which ones are worth looking at and make some recommendations on the crypto casinos that allow them (and are trusted and well-reviewed).

Getting to know stablecoins

So, you’ll already know cryptocurrencies like BTC, Ethereum or Solana, and stablecoins are similar in many ways – but with one key difference.

Stablecoins are pegged to a traditional currency (usually the US dollar) so that they stay relatively stable and only fluctuate very slightly.

That’s intentional, and the aim is that 1 unit of your stablecoin will be pegged at around one American dollar.

You may have actually seen stablecoins in use but not realized that’s what they were. For example, Tether is the obvious one (and the clue’s in the name), but there’s also Dai (DAI, USD Coin (USDC) and PayPal USD (PYUSD). A few good things to know:

  • Tether’s the biggest stablecoin, and it’s already used quite widely in online gaming. It also works across lots of blockchain networks, so you should be able to access it pretty easily.
  • USD Coin is one of the most trusted. It’s all about transparency and regulation, so it’s a good choice for that peace of mind we all want when we’re playing online.
  • PYUSD is a bit newer, but it’s PayPal’s own stablecoin, so people already know the brand and trust it. Chances are you’ve already got a PayPal wallet yourself.

Using stablecoins at your fave crypto casino

When you’re choosing a crypto casino for a flutter, you might want to consider choosing one that lets you play with stablecoins, so that you don’t have to risk volatility.

The sorts of situations we’re trying to avoid here include the times when you deposit a decent amount and then find that its value has dropped before you even start to play.

Or perhaps you’ve got a winnings balance that you’re waiting to withdraw, and when you get around to it, the value’s dropped because the currency’s being wildly volatile.

When these situations happen, they create stress that no one needs. Maybe you’ve experienced this kind of volatility yourself when:

  • You can’t get a grip on your bankroll because it keeps changing in value
  • You can’t easily work out how much of a profit or loss you’ve made with your gaming sessions, because the cryptocurrency you’re gaming with has fluctuated
  • You don’t want to hold onto your winnings because you’re worried they’ll drop in value
  • You feel more exposed generally to risks in the cryptocurrency market.
  • You don’t really know how to set a gambling entertainment budget (which most of us do, to play smart.)

So, if you choose a stablecoin to game with, you get to avoid these problems. Generally speaking, it’s probably worth having access to a stablecoin and a casino that lets you use them – especially when things are particularly volatile, and you want to avoid any stress or hassle.

Crypto casinos that let you play with stablecoins

It’s not always easy to work out which online casinos let you play with stablecoins (some keep this info behind the sign-up stage, and others are new and always evolving).

However, these are all tried ‘n tested choices with a solid reputation (and yes, we’ve done the ‘hard work’ of testing them with our own favourite slots, Crash games and roulette tables!)

CasinoBonuses3 key things to know:Supports Stablecoins?
betpanda100% up to 1 BTC / 10% weekly cashbackOver 5,000 games & sportsbook Lightning withdrawals VIP rewardsUSDT, USDC
cybetRegular bonuses and deals, & tournaments, and VIP rewardsHuge game library and sportsbook Smooth payouts VIP rewards.USDT, USDC
hero-gamingYes, plenty of new, changing bonusesOperates multiple casinos Best of all worlds approach Regular incentives and rewardsYes, but check individual casinos
justcasino-ioYes inc, 20% weekly cashback for new players & weekly deals, etcSlots, table and live games Minimal KYC for privacy Regular deals and bonusesUSDT, USDC
thrillYes, plus daily rewards, weekly boosts and cash dropsWide range of games Fast payouts Regular promosYes, check the latest terms

Hopefully, this quick run-through of stablecoins has answered any questions you might have had about them and given you some new ideas about how to get more from your gambling time.

After all, no one has endless leisure and entertainment time (or funds), so we want to use both well! Stablecoins can be a good tool to help you get more from your favourite online crypto casino, and just let you keep playing stress-free and safely.

Bringing a stablecoin into your gaming stack

Do you think you might expand your cryptocurrency use and bring a stablecoin into the mix for that next gaming session?

As ever, just remember what we always say: however you game and in whatever cryptocurrency you choose, stay focused on safety and entertainment.

We’re not chasing income, and we’re definitely not clicking on rogue ‘new’ casino invites that creep into your WhatsApp unannounced (right?). Enjoy, stay safe and have fun!



Stay Updated

Join 30,000+ readers. Get the latest crypto news, analysis, and insights delivered to your inbox weekly. No spam, unsubscribe anytime.