Tether (USDT) Deposits
Bovada Casino has long accepted cryptocurrencies from players who wish to deposit using a virtual currency method. Until now, that list hasn't included Tether - but now it does.
What is Tether - and what does USDT mean?
Some cryptocurrencies have their own value, but Tether is a stablecoin. This means it is pegged to the US dollar, which means that one Tether token is worth the same as one US dollar. Hence the use of USDT to represent this. Whenever a Tether token is issued - and they are necessarily limited to maintain their value - $1 value in US dollars is kept in their reserves.
What makes Tether USDT a better option than some other cryptocurrencies?
It may seem as if all these virtual currencies are identical, but that's not the case. You may have seen news reports recently about the value of some cryptocurrencies rising and falling in value - significantly falling in some cases. This won't happen with Tether because it is linked to the value of the US dollar. One Tether token is always worth one US dollar, so you always know where you stand. You won't buy tokens for one amount only to find they drop in value shortly after. That's why Tether is known as a stablecoin.
Is it easy to make a deposit via Tether USDT at Bovada?
Absolutely - they've always been keen to provide plenty of information and support for all deposit methods, particularly those involving cryptocurrencies. They've set up a page offering information for all methods, and they've added Tether USDT to that page. Just follow their instructions to get started.
Enjoy the best casino games and sports wagers at Bovada
Are you keen on finding the latest casino game releases or some old favorites to play? You'll find them all at Bovada Casino, along with some exclusives you won't find at any other casino. You've also got a huge sportsbook filled with action, wagers, odds, and more - including all your favorite sports, players, and teams. Get the latest action from across the world as you deposit some Tether USDT and get underway with a few wagers. There's lots more to look forward to as well when you dive into Bovada.