Best Tether Casinos 2023
THIS STABLECOIN IS THE PERFECT CHOICE FOR GAMBLING
Looking for a USDT casino? Tether’s value is tied to the US dollar, so it’s a stable token that avoids wild price wings, has a high market cap, and has a large daily trading volume. These assets make it a popular cryptocurrency.
The number of Tether casinos is increasing, so use your coins to play at the best USDT casino sites. Here are our favourites – get started today!
Top Tether Casino List
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Guide to Tether Casinos
What’s Tether?
What’s the Tether stablecoin?
Tether (USDT) markets itself as ‘digital money for a digital age’. It converts cash into digital currency by anchoring or tethering the value to the price of three national currencies – the US dollar, the euro, and the offshore Chinese yuan.
It was first launched as Realcoin in 2014 by Reeve Collins, Craig Sellars and Brock Pierce. All three men have vast experience in finance and cryptocurrencies, with Pierce involved in the Bitcoin Foundation and as a co-founder of Block.one, the company behind EOS.
Today it’s the world’s largest stablecoin (a crypto asset pegged to the value of something relatively more stable, like the dollar). And it is the most widely traded cryptocurrency asset.
One of the biggest criticisms of cryptocurrencies is the crazy price fluctuations. This coin is protected from these changes in the market, and so is particularly useful during periods of high price volatility as crypto portfolios can move to USDT rather than cashing out to fiat currencies.
USDT also provides a cheap and straightforward way for people and businesses to transact with the US dollar via the blockchain instead of slow and costly financial services providers.
Unlike fiat currencies such as the dollar, Tether is supposedly backed by real reserves, even if we are forced to take the company’s word on that. These reserves have never been independently audited.
The stablecoin has many high-profile supporters and adopters, including Tether casinos. Notably, USDT does not have its own blockchain. Instead, it works as a second-layer token on the following blockchains, giving it incredible versatility and adaptability: Bitcoin, Ethereum, EOS, Tron, Algorand and OMG.
Tether vs Fiat Currency
Tether (USDT) was first introduced in 2014 as a stablecoin pegged to the US dollar, and its price history has been relatively stable compared to other cryptocurrencies. However, it has not been without its share of volatility and controversy.
In its early years, USDT was traded at a stable price of $1, with little fluctuation. However, in late 2017, the price of USDT began to rise above $1, with some exchanges charging premiums of up to 7% for USDT purchases. This led to speculation the coin may not be fully backed by US dollar reserves and that the currency may be used to manipulate prices on cryptocurrency exchanges.
In early 2018, the price of USDT briefly dropped below $1, which further fueled concerns about the project’s reserves and stability. However, USDT quickly rebounded and remained relatively stable throughout much of 2018 and 2019, trading within a narrow range of $0.99 to $1.01.
By March 2020, the price of USDT briefly spiked above $1.05, as investors sought a safe haven amid the COVID-19 pandemic and market volatility. However, USDT quickly returned to its usual trading range and remained stable throughout most of the year.
In early 2021, USDT once again faced scrutiny and volatility, as the New York Attorney General’s office reached a settlement with the company over allegations that the company had misrepresented the extent of its US dollar reserves. This led to a brief dip in USDT’s price, but it quickly recovered and has remained relatively stable since then.
As of March 2023, USDT has a total market cap of around $80 billion and a daily trading volume of around double that of Bitcoin.
With so many people holding it, it was only a matter of time before Tether casino options would become more widespread. Using USDT at a Tether casino has many benefits.
Advantages of Tether Casinos
More stable than Bitcoin and Ethereum
Dogecoin and Bitcoin are favoured in online casinos, but they have one major drawback – price volatility. A deposit worth USD $100 could easily be worth just $70 the next day or up to $130.
A Tether casino, therefore, provides an excellent option for both crypto casinos and players. Tokens are pegged to the value of the US dollar, offering security against price swings and a more effortless user experience.
It can be hard to keep track of your 0.000001224 Bitcoin wager. Much more manageable when dealing with simple values in multiples of 1.
Tether casinos make it easy to keep track of how much you have deposited, won or lost incredibly simple. And for this reason, it works great for people who want to gamble in cryptocurrency but generally hold coins like Bitcoin and Ethereum. Just exchange your BTC or other crypto into USDT and use that as your betting coin.
Play blackjack, poker, roulette, baccarat, esports
Tether casino sites feature 1,000s of casino games, including slots, video poker, live dealer games, table games, Tether casino games and Provably Fair games like Dice, Plinko, and Crash, plus much more.
As well as in-house Tether casino exclusives, find all the best gaming software providers like Pragmatic Play, Evolution, NetEnt, Play’n GO, and scores more. Cloudbet also offers sports betting and esports betting.
Big limits, low costs at a USDT casino
Unlike many cryptos, USDT has close to zero transaction costs, and because of the enormous liquidity, payouts/withdrawals are close to instant. Gambling at Tether casinos usually gives you access to higher limits as well.
And as with all crypto coins, playing at a Tether casino gives you more privacy and relative anonymity – no prying and nosy banks looking at where you choose to spend your money.
Accepted for gameplay at the best crypto casinos
Not all crypto casinos accept Tether, and at Gambling Crypt, we have found it’s the better crypto casinos that do accept it.
USDT has a reputation as an intelligent coin – used by institutional investors and big-time cryptocurrency sharks. So we guess it makes sense that many of the new crypto casinos that have the latest cutting-edge software, blockchain technology, and wallet integration would accept it.
So if you see it at one of our casinos, you can take it as a massive positive. Check out the best Tether casinos at the top of this page.
Disadvantages and Cons of a Tether Casinos
More KYC Checks, less wallet anonymity
Typically, playing with this coin will often mean you need to share more personal details with the USDT casino than if you were playing with Bitcoin, for example.
The company stated that it may cooperate with law enforcement requests for information or compliance with anti-money laundering (AML) regulations. This means that Tether casino transactions could be subject to monitoring and tracking by authorities in certain jurisdictions.
That’s not necessarily a bad thing, but playing at a Tether casino isn’t as anonymous as other cryptos like Monero casinos.
The better crypto casinos are trying to move away from the dodgy past that typified many cryptocurrency websites, so sharing personal information is becoming more and more standard anyway.
Limited transparency vs other cryptocurrencies
Although Tether’s issuer claims to maintain a one-to-one reserve of US dollars for each USDT token, there is no guarantee that these reserves are actually held or that they are sufficient to cover all outstanding tokens. This creates the risk that the value of USDT could decline if they are unable to maintain its reserves or if there is a loss of confidence in the currency.
While efforts have been made to improve transparency in recent years, there are still questions about the accuracy and reliability of its audits, as well as its relationships with its banking partners. Even some big names in the crypto world fear that USDT is an unbacked scam.
This could make Tether casino sites wary of the coin in the future.
Tether Casinos vs Bitcoin Casino
A few years ago, it would be easy to argue that Bitcoin casinos were better than Tether casino options. But that was for a simple reason -most crypto casinos were not offering USDT casino payments.
But that has changed. Just look at the top Tether casino sites we have on this page – Stake, Trust Dice, BitStarz, Blizz Casino, Cloudbet, and more.
Yes, it’s true that BTC is still more widely accepted overall in the crypto gambling space, but it’s hard to argue that the Tether casino options available to players in 2023 are not equal to the Bitcoin casino space.
Is BitStarz the best Tether Casino?
We love BitStarz. it’s one of the most famous names in USDT gambling and crypto casinos in general. Famous for its lightning Tether transactions and high withdrawal limits, the registration process takes seconds, and you can enjoy amazing perks like a welcome bonus worth up to 1 BTC!
In addition to USDT, BitStarz offers loads more crypto payment methods, has fantastic customer support via live chat or email should you need it, and is respected by crypto gamblers worldwide.
Other Gambling Crypt recommended Tether casinos include Stake, Cloudbet, Blizz Casino, Trust Dice, and BetFury.
People Also Ask About Tether Casinos
Here are some Tether Casinos Frequently Asked Questions. If you are new to casino in general, then check out our selection of game guides. Have a different coin? Then we have casino guides for 15+ crypto tokens, including BTC, LTC, BCH, DOGE, and USDC.