Willemstad, Curaçao, Netherlands, June 27th, 2024,
Chainwire
Cloudbet, a leading
cryptocurrency casino and sportsbook, announced the integration of
Ethena USDe
(sUSDe) and ENA. By integrating sUSDe
on the platform, bettors have now the chance to receive returns
even when their funds are not being wagered.
The move introduces a new level of financial flexibility and
efficiency for Cloudbet users. Traditionally, when users deposit
funds into their gambling accounts, those funds remain idle until
they place their bets. Cloudbet’s integration of sUSDe, the staked
version of the algorithmic stablecoin USDe, has entirely shifted
the paradigm of betting, setting a new standard for user-centric
innovation.
“Whether a user is betting or taking a break, their
sUSDe continues to earn a yield,” says a Cloudbet spokesperson,
“Users can potentially offset their betting costs or enhance their
bankroll, generating value beyond their betting activities on the
platform."
Cloudbet’s decision to integrate Ethena’s USDe, sUSDe, and ENA
comes after a thorough evaluation of the current cryptocurrency
landscape and in consultation with the crypto community at large.
After speaking with several prominent voices at the forefront of
the digital currency world, it became imperative to give this
opportunity.
The decision to include Ethena tokens and ENA, the governance
token for the Ethena protocol which launched at $0.55 in April
2024, is indicative of the platform’s proactive, crypto-native
approach to developments in the space.
“We, like much of the crypto community, were attracted
to Ethena and the concept of the Internet Native Yield,” says the
Cloudbet spokesperson, “USDe’s underlying mechanics provide an
advantage over the most popular stablecoins, in that users can
stake USDe to obtain sUSDe and gain access to the protocol’s
generated yield*. It gives Cloudbet users a superior advantage over
other bettors - so it was, obviously, a high-priority item in the
product roadmap.”
*As of June 27, 2024, the sUSDe yield is
10.1%.
Furthering its commitment to crypto-friendly online gaming,
Cloudbet also expanded its support to multiple blockchain networks,
including TON and Base.
![](https://app.chainwire.org/storage/uploads/users/How_it_Works_1719554806eD9qWHzAzX.jpg)
About Cloudbet
Cloudbet is a proud
pioneer of crypto betting.
Since its launch in 2013, as the world’s first crypto-friendly
sportsbook and casino, Cloudbet has served hundreds of thousands of
users and taken millions of bets, establishing a reputation as the
most trusted, secure, and VIP-friendly brand in crypto
gaming.
Cloudbettors can bet with 30+ cryptocurrencies, from Bitcoin,
Ethereum, and stablecoins like USDC and USDT, to SOL and other
popular altcoins. The site is available in 18 languages (including
Spanish, German, Italian, French and Japanese).
For media inquiries, odds, and insights, users can contact
media@cloudbet.com.
Contact
Irene
Halcyon Super
Holdings
B.V.
irene@cloudbet.com