Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and
ENA Tokens
Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and ENA Tokens
Willemstad, Curaçao, Netherlands, 1st July 2024, Chainwire
By Chainwire
Jul 1, 2024 Jul 1, 2024
2 min read
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Willemstad, Curaçao, Netherlands, June 27th, 2024, Chainwire
Cloudbet , a leading cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта 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• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта landscape and in
consultation with the crypto community at large. After speaking with several
prominent voices at the forefront of the digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта 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• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн networks, including TON and Base .
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• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, from Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » 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
Disclaimer: Press release sponsored by our commercial partners.
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