USD Coin Casinos – How to Use USD Coin at Online Casinos

USD Coin is a digital currency fully backed by the US dollar, and that’s the origin of its name. This cryptocurrency is created for instant, safe, and global payments with a 1:1 ratio with the US dollar. Players are able to make transactions 24/7 to wherever they want, thanks to blockchain technology. It is an Ethereum ERC-20 token supported by Visa as a pilot program at first, then getting blockchain payment support from Worldpay and Nuvei for further transactions. Really often, users think that the Government of the United States owns the USD Coin and can be confused with a Central Bank Digital Currency (CBDC). Well, USD Coin is owned and operated by Circle, a peer-to-peer Fintech company specializing in stablecoins management like this. 

Circle was founded in October 2013 by Jeremy Allaire and Sean Neville with a headquarters location in Boston. They decided to make the world’s second-largest stablecoin to hold a value and be equal to the $1. Almost 5 years later, in September 2018, they launched the first version of USD Coin, known as CENTRE, in collaboration with the Coinbase. In August 2023, Coinbase exited the partnership, giving Circle the main lead in this cryptocurrency, and they decided to move forward to another blockchain because of risk management. Today, USD Coin has a current market cap of $32,23 billion, while the 24-hour trading volume is $6,30 billion. As we can see on the official website, this digital currency is pegged to the US dollar with fully reserved assets that allow instant settlement, near-zero cost, and open and global access.

The platform where you can find more information about USD Coin is Circle’s website. You can find different solutions and products, including programmable wallets, smart contract platforms, Mint option for converting local currencies, EURC (Euro stablecoin), and many more. Some of the most popular payment brands constitute the global network for stablecoin innovation, including Mastercard, Mercado, MoneyGram, Visa, Worldpay, AIRTM, Robinhood, SAP, Endaoment, etc. You can find them in the “Partners” tab on the website. The main characteristics of the USD Coin are transparency and stability, so you can instantly get insights into the reserve composition, balances, issuance, and redemption with literally one click.

USD Coin Latest Updates

• May 2024: Circle demonstrates a strategic expansion and launches USD Coin in Brazil. It is a crucial step in catalyzing the digital dollar access partnering with BTG Pactual and Nubank.
• May 2024: USD Coin increased its trading volume and helped the stablecoins market cap reach $161 billion. USDT is also here with $111 billion, making a revolution in the crypto market.
• May 2024: USD Coin hit a huge dominance on the stablecoin market, surpassing Tether as a long-standing cryptocurrency. USDC enjoys increasing trust and utilization from more and more users worldwide.
• April 2024: USD Coin is now fully available on the zkSync which is a leading layer for fast and low-cost transactions. USDC now supports Circle Mint and Circle APIs on the zkSync platform.

Online casinos that accept USD Coin as a payment method offer a fast and easy transactional process for all deposits and withdrawals. Depending on your chosen online casino, you will experience a smooth payment process and transfer your funds with a couple of clicks. Because USD Coin is a digital currency, you have to choose a wallet where you can convert your money into crypto and vice versa. We will talk more about it in the next section, so please keep reading to find out the setup guide.

To start the depositing process, go to your casino account and choose USD Coin as a payment method. Enter the amount you want to deposit, and you will instantly be credited to your casino account. After that, your money is automatically transferred, and you will be ready for a new gambling adventure. The withdrawals are nearly the same, where you should open the cashier section in your casino and choose USD Coin as a withdrawal method. Enter the amount you want to cash out and submit the transaction request. After the approval, you will instantly get your money into the wallet without any barriers.

Keep in mind that all USD Coin casinos have unique working politics, and you can face different transactional limits, fees, and timeframes for your deposits and withdrawals. Before we start, please note that all limits are set by the casinos themselves and the payment methods can’t influence the way of working. Because of that, below, you will find a detailed explanation of the most usual withdrawal and deposit limits, fees, and payout speeds that are faced in the USD Coin casinos. Get a better understanding of the whole process before you place real money bets.

Fees

Nearly all online casinos that accept USD Coin offer free transactions, which means a 0% commission fee for the players. All deposits and withdrawals are free, but some external fees may be included depending on your chosen wallet. USD Coin wallets charge a transactional fee for different reasons, and currently, the average amount is $0,5 or 0,5 USDC. Also, the maximum withdrawal fee can go up to $8,2 or 8,2 USDC, depending on the amount you want to withdraw.

Timeframes

You are probably guessing that the transactional time and deadlines are instant when it comes to USD Coin. Feel free to deposit and withdraw funds instantly and safely without waiting for days to get your lucky funds. Online casinos also offer instant deposits where the players can start their gameplay within a couple of seconds. The withdrawals, on the other hand, are also fast and you will get your funds into the wallet right after the transaction approval. It may take 24 hours for the casino team to review the withdrawal request, verify your identity, and approve it afterward.

Deposit and Withdrawal Limits

One thing that you should remember is that no matter the payment method, online casinos set transactional limits by themselves according to their payment policies. In general, USD Coin casinos offer acceptable limits that are normal and usual in other online casinos as well. For example, the minimum deposit you can make using USDC as a crypto payment method is $10, $20, or up to $40 in most cases. This amount is also enough to claim the welcome bonuses that are here for all new players who come in. This amount is the same when it comes to withdrawals, while the maximum limit goes to $5000 or even higher. 

Withdrawal limits are negotiable very often because some online casinos set daily, weekly, or monthly cash-out limits. You can find USD Coin casinos where the withdrawal limit is $2500 per day, $5000 per week, and up to $15,000 per month. Also, the VIP players have the privilege of getting better withdrawal limits in comparison with the regular players. Join your chosen casino as a VIP player and enjoy special perks to the fullest.

Players love to play at online casinos that accept USDC payments because of the easiness and trustworthiness of their transactions. More and more players decide to place their bets in crypto casinos because the whole process is really faster, smoother, and full of modern bonuses intended for the most persistent players. USD Coin casinos are among the top-rated in the iGaming industry and provide a unique gaming environment for everyone who is looking for high RTP rates, trusted software providers, fruitful offers, and special benefits for even higher profits.