We investigate why stablecoins are beginning to gain traction around the world and in online gambling circles.
With the price of Bitcoin driving over $110,000 recently, the debate surrounding daily driver tokens and investment tokens has resurfaced. This decision is vital in the online casino space as wins and losses on your favourite video slot or Crash game could be doubly impactful should your preferred cryptocurrency experience a notable swing in value.
One of the simplest solutions for crypto gamblers is to use a US dollar or Euro-based stablecoin for betting, but this may not be the only use for these tokens. Join us as we examine what is stirring beneath the surface of this sleeping digital giant.
While high-value tokens like Bitcoin are naturally the focal point of industry articles and investor inflows, the stablecoin market has quietly been cementing itself as one of the staples of digital transacting for banks and businesses.
Stablecoins are cryptocurrencies whose value is linked to the value of a globally accepted fiat currency like the US dollar and, more recently, the Euro. While these values can fluctuate a little from the value of the real-world currency, it is never more than a few cents either way.
This makes stablecoins a fantastic product for tech-savvy industries looking to capitalise on the speed, efficiency, and low costs of transacting via the blockchain while maintaining an accepted currency value that is unlikely to see the massive rises and falls associated with tokens like Bitcoin.
It brings together the best of the crypto technology sector with the globally accepted currency trade values of the Dollar and Euro, allowing forward-thinking businesses to affect global trade while cutting costs and leveraging the speed, efficiency, and enhanced security of the blockchain.
The idiom of a rising tide lifting all ships is as true in cryptocurrencies as in other financial sectors. The recent bull run that saw BTC climb to nearly $112,000 per token also saw renewed interest in support and processing tokens like USDT and USDC, resulting in a stablecoin market valuation of $238 billion.
A survey by Fireblocks shows that of the B2B stablecoin adoptees: 49% use it for payment processing, 48% value it for its processing speed, and 40% listed it as their #1 driver for “Expansion into new markets”.
What was of interest to market analysts is that, traditionally, US dollar-backed tokens have led the charge for stablecoins, but with various international alliances, there has been a notable expansion of non-USD tokens. According to a report by Coindesk, this market sector climbed 30% in April 2025 to $533 million.
While this is only a tiny fraction of the overall market cap, it is the surge in value that is worth noting. Should this trend continue, the pool of international currency tokens will soon see a boom in business.
Analysts are bullish about the future of digital asset utilisation and expansion, given that foundational financial companies like Mastercard are now partnering with the likes of OKX and Nuvei to bring access to the emerging tokens to a broader base of business and personal users.
As with any new financial instrument, especially one that has the potential to rake in billions from investors who see its potential for everything from playing blackjack online to buying a property on a secluded island, security and reserves are points of contention.
Analysts expect stablecoins to one day replace fiat currency as a daily driver for buying groceries, paying rent, and tipping Uber drivers. However, to get to that point, the industry has to improve the transparency of its systems, processes, and reserves.
In 2021, Tether (USDT) was fined over $40 million by the CFTC (Commodity Futures Trading Commission) for what it labelled as “untrue or misleading statements and omissions”. The bone of contention here was simply the opacity of its trading and reserve practices.
The US government is one of the key leading global markets to actively address legislation and regulations for stablecoins with the aim of allowing them to become fully operational business resources for individuals and businesses.
In an interview with PYMNTS, Dan Boyle of Boies Schiller Flexner said:
There’s certainly a change in how the administration views the digital assets industry. This is not a confrontational posture.
While the work on stablecoin integration began under the Biden administration, it is the Trump administration that is driving it over the finishing line with a focus on reserve backing and consumer protections.
It will interesting to see whether the formalisation of stablecoin legislation by an economic power like the US or an intergovernmental organisation like BRICS (which now comprises ten countries across the Middle East, Africa and Asia) will be the catalyst that drives a centralised approach to regulation that allows digitised money to become a real player on the global stage.
According to analysts from Absa Bank, Africa, in particular, has shown an appreciation for US dollar-linked stablecoins as both a medium for income and cross-border payments.
As local currencies begin to devalue, many African regions are making the move to digital currencies backed by the US dollar, which locks in value and provides an even playing field for the valuation of products and services.
Stability or tech-based domination? White House crypto expert David Sacks sees stablecoins as America’s “opportunity to extend the dollar’s dominance internationally”.
Nigeria is the second-largest international market on the global crypto adoption indices, driven in part by the devaluation of the local fiat currency in 2023. This trend was also seen in Ethiopia, whose currency was also devalued. Regional use of stablecoin increased, with the market reporting 180% year-on-year adoption of virtual currencies.
With an African online gambling and sports betting market valued at around $6.10 billion in 2024 and an expected market expansion of up to $11.27 billion in the coming years, stablecoin betting will undoubtedly become an even greater focus for the region.
Regardless of where the next few years take country-specific stablecoin adoption, it is still one of the safest crypto casino options for gambling online. That is not to say that using Euroc or USDT to play your favourite casino games improves your odds of winning big, but it allows you to set aside any major decentralised currency fluctuation concerns while gambling.
Learn more about how to begin preparing for tax season with our guide to crypto casino taxes.
This allows you to focus on learning the ins and outs of your favourite casino games before putting your digital assets on the line. We always recommend playing the available demo versions of a game to gain practical experience in its paylines and bonus features, before betting for real.
Once you’ve locked in the gameplay and mechanics, be sure to check out our recommended Bitcoin casinos and broader crypto casino partners to find the ideal welcome bonus, service levels and other offerings you value in a gaming site.
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