Cloudbet Announces Support for Ethena USDe Stablecoin and ENA Token
Leading crypto casino and sportsbook Cloudbet integrates Ethena USDe (sUSDe) and ENA. This is a big step towards providing better services to the platforms customers.
By integrating these two, users can receive returns even when their funds are not being wagered, bringing Cloudbet users a new level of flexibility and efficiency.
With the staked version of the USDe stablecoin, Cloudbet users can now earn on autopilot even if they are not betting.
Whether a user is betting or taking a break, their sUSDe continues to earn a yield, a Cloudbet spokesperson said. Users can potentially offset their betting costs or enhance their bankroll, generating value beyond their betting activities on the platform.
USDe is a stablecoin issued by EThena, while ENA is the projects governance token. Integrating the two became imperative after consultations with experts and major industry voices to bring more opportunities to Cloudbet users.
Further commenting on the integration, the Cloudbet spokesperson said the integration gives Cloudbet users an advantage over other platforms.
We, like much of the crypto community, were attracted to Ethena and the concept of the Internet Native Yield, the spokesperson added, USDes underlying mechanics provide an advantage over the most popular stablecoins, in that users can stake USDe to obtain sUSDe and gain access to the protocols generated yield*. It gives Cloudbet users a superior advantage over other bettors so it was, obviously, a high-priority item in the product roadmap.
Interestingly, USDe and ENA are the latest additions to Cloudbet. The platform had previously expanded its support to other blockchain networks, including TON and Base. Cloudbet is one of the pioneers of crypto betting, being the worlds first crypto-friendly sportsbook and casino.
Launched in 2013, the platform serves hundreds of thousands of users and has taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming.
There are over 30 supported cryptocurrencies, including Bitcoin, Ethereum, and stablecoins like USDC and USDT, as well as SOL and other popular altcoins. Users can access Cloudbet in 18 languages, including Spanish, German, Italian, French, and Japanese.
Read more: https://zycrypto.com/cloudbet-announces-support-for-ethena-usde-stablecoin-and-ena-token/
Text source: ZyCrypto
