Tether (USDT) Deposits

For players who have never utilized cryptocurrency as a deposit method and for players who have been reading our reviews, you may have noticed a new cryptocurrency deposit called Tether/USDT. USDT stands for US Dollar/Tether. We are pleased to announce that Bovada Casino accepts Tether as a deposit method alongside their other supported cryptocurrencies. There are many cryptocurrencies players can use to make deposits at Bovada, including Bitcoin, Bitcoin SV, Bitcoin Cash, Litecoin, Ethereum, and the new Tether/USDT.

Tether/USDT Explained

• Tether is a blockchain-based cryptocurrency whose value is designed to track 1 US Dollar (USD). Tether Ltd. issues Tether tokens, and for each Tether issued, $1.00 is held in reserve.
• The stablecoin function is to track traditional fiat currencies, such as the US Dollar or the Euro. While common cryptocurrencies fluctuate massively in value, Tether and other stablecoins do not. They should remain equal in value to their underlying currency.
• Of all cryptocurrencies that have emerged, Tether is currently ranked third by market capitalization.

Advantages of Tether

• There are several advantages to using Tether. It is unrestricted like all other cryptocurrencies and provides set values players can trust. Three key terms are important regarding Tether:
• Stable - The value of Tether is designed to remain constant. You will always have a clear understanding of the value within your crypto wallet.
• Secure - As Tether transactions are encrypted and move within the blockchain, all transfers are recorded and stored by both parties.
• Reliable - As you may know, credit card fees have increased due to recent restrictions. Cryptocurrency remains one of the most cost-effective and convenient deposit methods for online gambling.

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