This is a cryptocurrency which value is connected to the U.S. Dollar. Because of this, it’s also called a stablecoin. The idea behind it is that 1 Tether is always worth as much as 1 Dollar. Every Tether token (USDT) that is created needs to be covered by a dollar on the bank account of Tether Ltd.
Tether has since its inception in 2014 grown to the fifth biggest cryptocurrency in the world. When looking at trading, it even takes a first place. Which means it’s even bigger than Bitcoin. It’s easy to conclude that this is a much used coin on the exchange markets.
Even though the Tether blockchain is public, the bank account is not. This has led to a lot of doubt as to whether or not the account holds enough money in Dollars to represent the 4 billion Tethers that have been given out. If all is fine, the Tether Ltd account should hold 4 billion Dollar.
After Tether admitting to also using Bitcoin and Ether and not just Dollars, the trust in the currency took a big hit. So much so that the price dropped to 85 Dollar cent in the autumn of 2018. Since then, the coin has retrieved much of its value and now it balances between 99 cents and 1,01 Dollar.
Best Casinos To Play With Tether
It can be quite a bit of work to select the best casinos to play with Tether. You don't only have to consider the games on offer, but also the safety of the casino. To help you along, you can find a list of trustworthy casinos below.
mBit
www.mbitcasino.comAbout mBit
Backed by a mother company that owns 35 casinos, mBit Casino offers you great benefits. First and foremost there is a great number of games from all of the best providers in the industry. You are also entitled to a nice number of bonuses with an intergalactic theme. To top it all off, you can pay with either cryptocurrencies or regular currencies and you have a great support team at your disposal 24 hours a day.
Overview
Websitewww.mbitcasino.com
Established 2014
License Curaçao
Bonus 5 BTC + 300 Free spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
1xSlots
www.1xslot.comAbout 1xSlots
Slots is what you'd expect at 1xSlots, and indeed most of the 7,000+ games consist of our favorite casino game. However, there is also a big choice of live casino, table games and everything else that you might look for in a casino. When you register, you receive an interesting welcome bonus and as an existing player you'll continue to receive bonuses on a regular basis. When it's time to ask for a withdrawal, you have a lot of options too.
Overview
Websitewww.1xslot.com
Established 2017
License Curaçao
Bonus $1500 + 150 Free Spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
True Flip
www.trueflip.ioAbout True Flip
Enjoy the nice welcome bonus at True Flip casino. With this you can enjoy their varied game offer that consists of games by market leaders as well as games the casino developed in house. Decide for yourself which ones are the best. You can pay with cryptocurrencies as well as fiat currencies and the customer support is available all hours of the day. The team members are even available through Telegram on your mobile phone.
Overview
Websitewww.trueflip.io
Established 2017
License Curaçao
Bonus 1 BTC + 50 Free Spins
Wagering Requirement 35x
No Deposit Bonus -
Live Chat Yes
Tether Bonuses
Another benefit of this cryptocurrency compared to others is that because of the value being stable, you are usually getting the same bonuses as players that play with U.S. Dollar are getting. The Bitcoin bonuses are probably still higher, but Tether comes in as a good second.
Benefits Of Tether
The biggest benefit of Tether is that it's much easier to switch to a fiat currency than with other cryptocurrencies. This because it's a stablecoin and directly linked to the value of an actual fiat currency.
- Stablecoin with less volatiliy
- Easy to switch back to fiat currency
Other cryptocurrencies need to be transferred to fiat currencies through a broker, but as the markets change quickly and investors need to be able to trade quickly, stablecoins offer a good alternative.
With stablecoins you are also subjected to less volatility. As fiat currencies are usually much more stable. Especially the Dollars, the currency that most stable coins are linked to.
Casino Games You Can Play With Tether
Nowadays more and more casinos choose to accept only cryptocurrencies as a payment method. This means that more blockchain casinos accept Tether and that you can play more and more games every day when using this payment method. Which is great news because nearly all casino games are available for Tether players.
- Tether Slots: Nearly all providers and slot machines are available for players using Tether. It might be that one casino offers more games than the other, but you'll notice that with fiat currency casinos as well. The only thing that you might notice is that a Tether casino might offer less jackpot games. You'll be able to find games like Mega Moolah and At the Copa, but NetEnt's progressive jackpots are harder to find.
- Tether Poker: As with many cryptocurrencies, you won't easily find a casino that offers a separate poker client. You can, however, train your skills with video poker and you nerves with many live casino versions of the poker game.
- Tether Blackjack: Because of the popularity of the game, you can often find a separate section of blackjack games. This is no different in Tether casinos. Here you can find games for all types of budgets, with a different number of decks used and even in different versions with a live dealer.
- Tether Roulette: Just like blackjack, roulette often gets its own category in a casino as well. In this area you can find different versions of the game, like computer operated versions, live dealer versions and even live casino versions without a dealer.
Tether Casino Dapps
At the moment of writing there were no casino Dapps available for players paying with Tether. That doesn't mean that they won't be developed soon, because both the Tether as the Dapp market are in constant development. It's best to check back regularly for any news.
Deposit And Withdrawal
Besides being much quicker than fiat currencies and therefore being able to offer instant processing times, Tether has another benefit. The deposit and withdrawal limits are much more flexible. Minimum deposits can start as low as at 1 USDT and minimum withdrawals can start at 0.001 USDT. That is $0.001, which means a tenth of a cent.
ABOUT TETHER
Tether is a stablecoin and very easy to convert.
Give it a try!
Legal Aspects
One factor to take into account when using Tether is the question as to whether the responsible company holds enough money to justify the value of the coin.
There is a lot of uncertainty about that and that could influence the value negatively. But when it comes to casinos, Tether is treated like any other cryptocurrency and you should try to only play at a licensed or provably fair casino.