Cloudbet Introduces the Ethena USDe (sUSDe) Stablecoin along with ENA Tokens

Willemstad, Curaçao, June 27, 2024, Chainwire

Cloudbet , a prominent player in the cryptocurrency gambling scene, has announced the addition of Ethena USDe (sUSDe) and ENA. By adding sUSDe to their platform, bettors will now benefit from returns even when their money is sitting idle .

This integration brings a groundbreaking level of versatility and effectiveness for Cloudbet patrons. In the past, any funds deposited into gaming accounts would simply sit there until a bet was placed. However, with the introduction of Ethena’s sUSDe, the approach to betting has transformed entirely, setting a new benchmark for user-oriented innovation.

"Regardless of whether users are actively betting or taking time off, their sUSDe will keep generating earnings,\" a Cloudbet representative explains, \"This allows players to potentially cover their betting expenses or even grow their bankroll, creating additional value beyond the usual wagering on the site.\"

Cloudbet's choice to integrate Ethena's USDe, sUSDe, and ENA is the result of a careful analysis of the current crypto landscape and extensive discussions with the cryptocurrency community. Engaging with leading figures in the digital currency sector made it clear that this was an opportunity not to be missed. 

The move to incorporate Ethena tokens and ENA, the governance token for the Ethena protocol that debuted at $0.55 in April 2024, reflects Cloudbet's forward-thinking mindset and adaptability within the swiftly evolving landscape.

"Much like many within the crypto space, we were drawn to the Ethena model and its concept of Internet Native Yield,\" says the Cloudbet spokesperson, \"The mechanics behind USDe offer unique advantages over conventional stablecoins, allowing users to stake USDe for sUSDe and access the generated yield from the protocol.* This gives Cloudbet users a distinct edge, making it a priority on our development agenda.\"

*As of June 27, 2024, the sUSDe yield is 10.1% .

Reinforcing its dedication to supporting cryptocurrency-friendly online gaming, Cloudbet has also broadened its compatibility with various blockchain networks, including TON and Base .

About Cloudbet

Cloudbet is a proud pioneer of crypto betting. 

Since its inception in 2013 as the pioneering crypto-friendly sportsbook and casino, Cloudbet has catered to countless users and processed millions of bets, solidifying its reputation as the most trustworthy, secure, and VIP-friendly brand in the crypto gambling industry. 

Players on Cloudbet can wager using over 30 cryptocurrencies, ranging from Bitcoin and Ethereum to stablecoins like USDC and USDT, as well as SOL and various popular altcoins. The platform is accessible in 18 different languages, including Spanish, German, Italian, French, and Japanese. 

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