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One of the most notable things around the rise of cryptocurrencies over the last year or so has been the influence that various celebrities and influencers have had over the market.
The crypto industry has grown by leaps and bounds since the start of 2020, and this is true not just for crypto tokens such as Bitcoin, Ethereum, and Dogecoin, but also for other related commodities and assets that have been created during this time. One of the most interesting ones from all of these is stablecoins. Stablecoins are very similar to cryptocurrencies, being created on blockchain networks as well, but the difference is that their value is pegged to another commodity or asset. This helps add stability, which is vital given how volatile cryptocurrencies are. Most stablecoins are pegged to the US dollar, and the biggest and most popular of these is undoubtedly Tether.
Tether is one of the latest cryptocurrencies to have emerged as one of the mainstream options looking to disrupt the industry and has since been able to acquire significant interest and growth within the sector for a variety of different reasons, including crypto gambling.
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Crypto casinos have been around for a few years now and are rapidly gaining the trust of privacy-concerned gamblers. But, they’re not exactly the ideal solution, mainly because of market volatility.