Cloudbet Incorporates Stablecoin sUSDe and ENA Tokens by Ethena in the United States
In the vibrant city of Willemstad, Curaçao, Netherlands, on the 27th of June, 2024, Chainwire reported an exciting development in the world of cryptocurrency gaming. **Cloudbet**, a premier destination for crypto casino and sports betting enthusiasts, has proudly announced the incorporation of **Ethena USDe (sUSDe)** and **ENA** into its platform.
This innovative integration allows Cloudbet patrons to experience a new dimension of financial empowerment. With sUSDe, the staked iteration of the algorithmic stablecoin USDe, users can now enjoy returns on their funds, even during periods of inactivity in wagering.
The introduction of sUSDe marks a transformative moment in the betting industry, as Cloudbet leads the charge in redefining the user experience. Gone are the days of dormant deposits; now, every sUSDe held in a Cloudbet account works tirelessly, accruing yield and potentially mitigating betting expenses or bolstering the user’s balance, as noted by a Cloudbet representative.
The strategic decision to embrace Ethena’s USDe, sUSDe, and ENA was informed by an extensive analysis of the cryptocurrency sector and meaningful dialogue with its vibrant community. The inclusion of Ethena tokens, particularly ENA—the governance token of the Ethena protocol, which made its debut at $0.55 in April 2024—reflects Cloudbet’s forward-thinking and crypto-centric ethos.
A Cloudbet spokesperson expressed their enthusiasm for Ethena’s pioneering concept of Internet Native Yield, highlighting the unique benefits of USDe. Unlike traditional stablecoins, USDe holders can stake their assets to acquire sUSDe and tap into the protocol’s yield, offering Cloudbet users a competitive edge. As of June 27, 2024, the yield on sUSDe stands at an impressive **10.1%**.
Cloudbet’s commitment to the crypto gaming community extends further with its support for various blockchain networks, including **TON and Base**.
**About Cloudbet:**
Since its inception in 2013, **Cloudbet** has been at the forefront of crypto betting, establishing itself as the world’s inaugural crypto-friendly sportsbook and casino. With a legacy of serving a vast user base and facilitating millions of bets, Cloudbet has earned its reputation as the most reliable, secure, and VIP-centric brand in the crypto gaming sphere.
Cloudbet offers a diverse range of betting options with over 30 cryptocurrencies, including Bitcoin, Ethereum, and popular stablecoins like USDC and USDT, as well as SOL and other sought-after altcoins. The platform caters to a global audience, supporting 18 languages such as Spanish, German, Italian, French, and Japanese.
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**Contact Information:**
Irene
Halcyon Super Holdings B.V.
[email protected]