Stablecoin

A stablecoin is a cryptocurrency pegged to the value of a fiat currency, almost always the US dollar. Tether (USDT) and USD Coin (USDC) dominate the casino space. One coin trades at roughly one dollar, so you get crypto rails without the price swings of Bitcoin or Ethereum. For gambling, that's the pitch: fast deposits, fast withdrawals, no need to worry that your balance dropped 8% between funding and cashing out.

The trade-off is trust. You're trusting the issuer. Tether has spent years under scrutiny over whether its reserves fully back every token in circulation. USDC is more transparent but processes through US banking rails that can freeze funds tied to flagged addresses. Neither is risk-free. Both are closer to a normal bank deposit than any volatile crypto, which is why they've become the default gambling currency for players who want speed without exposure.