Willemstad, Curaçao, Netherlands, June 27th, 2024, Chainwire
In a recent announcement, Cloudbet, a prominent cryptocurrency casino and sportsbook, disclosed the integration of Ethena USDe (sUSDe) and ENA into its platform. This strategic move now enables bettors to earn returns on their funds, even when not actively participating in wagers.
By incorporating sUSDe, the staked version of the algorithmic stablecoin USDe, Cloudbet has revolutionized the betting landscape, offering users enhanced financial efficiency and flexibility. Previously, deposited funds would lay dormant until bets were placed, but with sUSDe integration, funds can generate yields continuously, marking a significant shift in user-centric innovation.
The decision to include Ethena's USDe, sUSDe, and ENA tokens emerged after careful evaluation of the cryptocurrency environment and extensive discussions with key figures in the crypto community. Cloudbet's proactive stance towards embracing these digital assets signifies its commitment to staying ahead of industry developments.
A spokesperson from Cloudbet emphasized the unique advantage of sUSDe, noting that users can benefit from yield accumulation irrespective of their betting activities. This feature empowers users to potentially offset betting costs or bolster their bankroll, extending the value proposition beyond conventional betting practices.
Additionally, the integration of Ethena tokens and ENA underscores Cloudbet's alignment with the Internet Native Yield concept. By allowing users to stake USDe for sUSDe and access protocol-generated yields, the platform equips users with a competitive edge in the betting realm.
As of June 27, 2024, the sUSDe yield is reported at 10.1%. Cloudbet's broadened support for various blockchain networks, including TON and Base, further exemplifies its dedication to fostering a crypto-friendly online gaming environment.
Established in 2013 as the first crypto-friendly sportsbook and casino, Cloudbet has garnered a reputation for being a trusted, secure, and VIP-centric brand in the crypto gaming sphere. Users can engage in betting with over 30 cryptocurrencies, ranging from Bitcoin and Ethereum to stablecoins like USDC and USDT.
For media inquiries, odds, and insights, contact media@cloudbet.com.
About Cloudbet
Cloudbet has been a trailblazer in crypto betting since its inception, offering a secure and VIP-friendly gaming platform. With support for multiple cryptocurrencies and availability in 18 languages, Cloudbet remains dedicated to providing a top-tier betting experience.
To get in touch, reach out to Irene at Halcyon Super Holdings B.V. via irene@cloudbet.com.
