Best USDC Casinos 2023
DEPOSIT AND PLAY IN CRYPTO DOLLARS
USD Coin is widely regarded as one of the best stablecoins, and its growth has been phenomenal. Often 24-hour trading of the coin exceeds $50 billion.
For casino players who like crypto gambling but dislike the price swings associated with most coins, USDC is an excellent option.
The Gambling Crypt guide will spell out what the coin is, how it works, and the pros and cons of USDC casinos.
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USDC Casinos Top List
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USDC Casinos Gambling Guide
What Is USD Coin (USDC)?
More widely known as USDC, USD Coin is a stablecoin like Tether that is pegged to the US dollar on a 1:1 basis. Therefore, every USDC in circulation is backed up with a real $1 held by the company’s reserves in a mix of cash and US Treasury bonds.
The Centre Consortium oversees USDC and has two founding members. One of them is peer-to-peer payment services company Circle, while the other is the huge Coinbase crypto exchange.
Circle co-founders Jeremy Allaire and Sean Neville wrote their mission in creating USDC was this. “We believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.”
USDC launched on a limited basis in September 2018 with the tagline “digital money for the digital age”.
What is USDC?
More widely known as USDC, USD Coin is a stablecoin like Tether (USDT) or Dai that is pegged to the US dollar on a 1:1 basis. Therefore, every USDC in circulation is backed up with a real $1 held by the company’s reserves in a mix of cash and US Treasury bonds.
The Centre Consortium oversees the token and has two founding members. One of them is peer-to-peer payment services company Circle, while the other is the huge Coinbase crypto exchange.
Circle co-founders Jeremy Allaire and Sean Neville wrote their driving mission was this: “We believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.”
It launched on a limited basis in September 2018 with the tagline “digital money for the digital age”.
As well as being used for cashless transactions, it is a ‘safe haven’ asset for traders when the crypto market is volatile.
If the price of Bitcoin is falling, for example, traders can exchange their Bitcoin for USDC until the market calms down or corrects itself – helping to hold the original value of their assets.
Other uses for the coin are allowing businesses to accept payments in digital assets and contributing to the growth of decentralised finance (de-fi) and gaming. Many USDC casinos now exist. Typically, they were Bitcoin casinos that started to accept more crypto deposits.
The main goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.
How much is a USDC in dollar fiat?
The USDC coin is a stablecoin pegged to the value of the US dollar, meaning that its price is designed to remain relatively stable and not fluctuate much. However, the price of USDC can still vary very slightly from its peg due to market demand and supply.
Since its launch in 2018, the price of USDC has remained relatively stable, with fluctuations typically remaining within a few cents of its peg. Its all-time high of $1.17 was recorded on May 8, 2019. The all-time low of $0.877647 was recorded on Mar 11, 2023.
You can buy USDC on any of the leading cryptocurrency exchanges.
Advantages and Perks of USDC Casinos
VIP wagering on slot, blackjack, roulette, poker, baccarat + more
USDC casinos, such as Cloudbet, BC.Game, Trust Dice, and BetFury, provide a wide range of exciting gambling options to players looking for thrills. With thousands of slot games available, plus popular table and live casino choices like blackjack, roulette, poker, Plinko, and baccarat, gamblers have a huge range of USD Coin casino games to choose from.
Whether you’re a casual gambler or a high roller, USDC casinos have you covered with big limits on deposits and wagers. This means that you can enjoy the excitement of gambling without worrying about restrictions that could dampen your experience.
If you’re new to USDC casinos, benefit from a generous welcome package and deposit bonuses that give you more opportunities to win big. And if you’re a returning player, you can enjoy various promotions, including free spins and cashback offers, that keep the excitement going.
With so many options available, USDC casinos offer a world of entertainment and the potential for significant rewards. So why not try your luck and experience the thrill of online gambling today?
USDC sportsbook
Looking for an exciting way to make sports more thrilling? Check our USDC casino and sportsbook options, where you can place bets on a wide range of sports, including football, tennis, basketball, and many more. Cloudbet, BC.Game, and BetFury provide a seamless user experience and competitive odds, giving you the chance to win big while watching your favourite teams and athletes compete.
Whether you’re a seasoned sports betting pro or just starting out, there is something for everyone at our USDC casinos. So what are you waiting for?
Get your winnings fast
Casino players can benefit from quick transfers and low costs – if they know what they are doing.
Because USDC is minted as an ERC-20 token, most transactions are done via the Ethereum blockchain. This is often bloated, slow and expensive. So you will never get the low or zero fees associated with coins like Dogecoin and Ripple.
But if you bridge transfers on other blockchains, like Avalanche, Polygon, Solana or Binance Smart Chain, you can get low fees and quicker transfers. Many crypto casinos accept USD C via alternative blockchains.
The same goes for withdrawals. Those taken via the ETH blockchain can cost up to $30 in fees. Using the Binance Smart Chain blockchain takes these costs down to less than a dollar.
Don’t waste money on fees – get smart with your tokens – don’t use the Ethereum blockchain!
Transparency and trust
Stablecoins like USD Coin and Tether are huge players in the crypto markets but have frequently been targeted by those worried about transparency.
A stablecoin’s success is based on the pegged-to-dollar rate that, in theory, guarantees every 1 USDC will be able to be exchanged for $1 without any problems.
Unlike Tether, which has never been independently scrutinised, this stablecoin is regularly audited by Grant Thornton, a leading global accounting firm. This ensures that the company does have reserves in cash and bonds to cover every USDC in circulation.
In addition, Circle and Coinbase have achieved much regulatory compliance, giving the coin further respect and certainty.
Tether was the dominant stablecoin, with a market share of 74%:16% in February 2021. This has now shrunk to a 45%:30% lead in February 2022 as USDC and other stablecoins eat into its success.
Easier to use than BTC
Using digital currencies that have an exceptionally high value (like BTC or ETH) at an online casino can be demanding. Normally, you are always playing in micro stakes of those coins.
It can be tough to track how much you are spending and winning. How many of us know how much 0.004 Bitcoin is, for example, off the top of our head?
Using a stablecoin at a USDC casino makes it super easy to stay in control of your gambling and know precisely how much you are depositing, gambling, and hopefully winning. There are also no nasty surprises with the value of your assets, as USDC doesn’t suffer from wild price fluctuations or volatility like other crypto coins.
Disadvantages of USDC Casinos
Less blockchain privacy and anonymity
The USD Coin isn’t a cryptocurrency in the original sense or ideas behind cryptocurrencies. And the involvement of well-funded, intuitionally compliant companies like Circle and Coinbase puts off some crypto purists.
If you want to tokenise or redeem via Circle, you must verify your identity and provide an active bank account. If you trade on Coinbase, you also need to verify your accounts.
This means your privacy is effectively non-existent. USDC should be considered more of a regular asset you need to prove who you are to own, rather than a secret crypto asset.
Centralised wallet control
Unlike decentralised crypto coins, and as the opposite to coins like Monero, USD Coin project owners have the right to freeze funds and blacklist the address of any token holders they believe to be involved in illegal activities.
This control is the antithesis of original crypto thinking, which was to avoid centralised control.
However, assuming you are not a criminal, this will not affect your gambling at a USDC casino.
No chance to gain from market moves
Much of the thrill of crypto gambling is tied up with the knowledge that your crypto may be worth more when you withdraw it than when you deposit it. Sometimes you can win a lot of crypto and benefit from a decent price rise – double winnings!
Of course, with a stablecoin, those gains don’t exist. But on the other hand, you are unaffected by price drops, so it all depends on what kind of risk you like to take.
Bitcoin, Ethereum & Litecoin are more popular casino cryptocurrencies
Bitcoin was the first cryptocurrency to gain widespread adoption and has been around since 2009, while the Centre Consortium launched its stablecoin in 2018. Bitcoin’s early adoption and longevity have given it a head start and more time to establish itself as a trusted and widely recognized cryptocurrency. Similarly, other cryptos have had a headstart on USDC casinos.
Bitcoin, Ethereum, and Litecoin are decentralized currencies, not controlled by any central authority or government. USDC, on the other hand, is a stablecoin, which means it is pegged to the value of the US dollar and is backed by reserves held by a centralized entity, Circle. Some people may prefer the decentralized nature of Bitcoin because it aligns with the principles of cryptocurrency.
Bitcoin has a limited supply, with only 21 million bitcoins in existence. This scarcity contributes to its popularity and perceived value, as demand for Bitcoin increases and the supply remains fixed.
Bitcoin and Ethereum are the most well-known and recognizable cryptocurrencies and have been featured in mainstream media and popular culture. This brand recognition may make it more appealing to people looking for a crypto casino.
Tether Casino vs USDC Casino
The truth is there is no difference between a Tether casino and a USDC casino. Ultimately, it’s rare, if not impossible, to find a safe, licensed crypto casino that only accepts one coin. The best crypto casinos accept multiple coins, so Tether or USD Coin will be just one of many tokens accepted.
In general, there are more Tether casino options than USDC casinos, but as the USD Coin continue to make inroads into Tether’s market share, we expect more USDC casino sites to go live.
Read our guide to Tether casinos if you want more information about USDT gambling.
Is Cloudbet the best crypto casino to gamble USDC?
Cloudbet is a prominent USDC casino that offers an impressive range of betting options for sports, esports, and casino games, coupled with exceptional customer service. Cloudbet is also known for its low deposit requirements, attractive first deposit bonus, and acceptance of various other cryptocurrencies, such as Bitcoin Cash, Litecoin, and Tether.
In addition to Cloudbet, we suggest considering Trust Dice, BetFury and BC.Game, three other top-tier USDC casinos worth checking out.