Cloudbet incorporates Ethenas USDe sUSDe stablecoin and ENA tokens into its platform
In the vibrant city of Willemstad, Curaçao, Netherlands, on the 27th of June, 2024, Chainwire reports a significant development in the realm of cryptocurrency gaming and betting. **Cloudbet**, a frontrunner in the crypto casino and sportsbook industry, has proudly announced the incorporation of **Ethena USDe (sUSDe)** and **ENA** into its platform.
This innovative integration allows Cloudbet patrons to earn returns on their staked funds with sUSDe, even when not actively wagering. This strategic move revolutionizes the concept of financial liquidity and efficiency for users, challenging the traditional model where deposited funds lie dormant until bet placement. The adoption of sUSDe, a staked variant of the algorithmic stablecoin USDe, transforms the betting landscape, heralding a new era of user-focused innovation.
“A Cloudbet spokesperson highlighted, “Now, our users’ sUSDe holdings work for them, accruing yield irrespective of betting activity. This could potentially counterbalance betting expenses or amplify their funds, creating value that transcends the platform’s betting scope.”
The integration of Ethena’s USDe, sUSDe, and ENA tokens, following extensive research and community consultation, underscores Cloudbet’s commitment to staying at the forefront of cryptocurrency trends. The inclusion of ENA, Ethena protocol’s governance token which debuted at $0.55 in April 2024, reflects Cloudbet’s forward-thinking and crypto-centric stance.
Echoing the sentiments of the crypto community, the Cloudbet spokesperson expressed, “The allure of Ethena and its Internet Native Yield was undeniable. USDe’s unique staking mechanism offers a competitive edge, enabling our users to convert USDe to sUSDe and tap into the protocol’s yield, providing a distinct advantage over other platforms.”
As of June 27, 2024, the yield on sUSDe stands at an impressive **10.1%**.
Cloudbet’s dedication to advancing crypto-friendly online gaming is further exemplified by its expansion to support multiple blockchain networks, including **TON and Base**.
**About Cloudbet:**
Established in 2013, **Cloudbet** emerged as the world’s inaugural crypto-oriented sportsbook and casino, swiftly gaining the trust and loyalty of hundreds of thousands of users. With millions of bets placed, Cloudbet is celebrated as the most reliable, secure, and customer-centric entity in the crypto gaming domain.
Cloudbet empowers its users to place bets using over 30 different cryptocurrencies, ranging from Bitcoin and Ethereum to various stablecoins and popular altcoins. The platform caters to a global audience, offering services in 18 languages, including Spanish, German, Italian, French, and Japanese.
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**Contact Information:**
Irene
Halcyon Super Holdings B.V.
[email protected]
