DAI, USDT, PAX... Where are All the Stablecoin (casino)s?

[Goodcat49]

Stablecoins have so far gained very little traction with online casinos despite their potential utility. In their current state, stablecoins have mostly been adopted by cryptocurrency investors who are looking to move in and out of volatile cryptoassets without having to interact with the traditional banking system. Yet the opportunity to gamble with a stablecoin remains elusive.

Previously, stablecoins had been exclusively governed by regulated central authorities, making it difficult for casinos to offer them to their players. However, with the rise of decentralized stablecoins like DAI over the last 12 months, the opportunity for a casino to offer stablecoin gambling has become huge.

But it is likely that decentralized stablecoins are too young for casino operators to consider them. While DAI has been thoroughly battle-tested; remaining pegged to the dollar throughout the cryptocurrency market’s biggest bear cycle in 2018, it is possible that operators simply want to give currencies like DAI more time to prove themselves.

Over the next few years - particularly with the rise of smart contract casinos, for which DAI is compatible - it seems inevitable that this contemporary form of money will replace a huge amount of the Bitcoin gambling that we see today.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/where-stablecoin-(casino)s/