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Stablecoins and diverse cryptocurrency support reshape casino payments
The landscape of casino deposits is shifting as stablecoins like USDT and USDC emerge as preferred payment methods. While traditional credit and debit cards still handle a large volume of transactions, they face increasing friction due to issuer restrictions, high fees, and regional bans, such as the credit card gambling ban in Great Britain.
Stablecoins offer an alternative by providing the speed of blockchain transfers without the price volatility associated with assets like Bitcoin. This shift is reflected in casino cashier menus, where stablecoins are increasingly listed as a distinct category. Additionally, major card networks are integrating blockchain technology; for example, Visa’s stablecoin settlement pilot reached an annualized run rate of $7 billion in April.
In the broader crypto-casino market, players are increasingly seeking platforms that offer extensive coin support beyond Bitcoin and Ethereum. Top-tier operators are being distinguished by their ability to support over 150 different coins, provide provably fair verification, and maintain reliable withdrawal speeds.
Entities
Great Britain · USDC · USDT · Visa