In a cryptocurrency-based fantasy sports platform, the value of a customer’s crypto during a bet can fluctuate if the crypto is volatile. This can introduce additional risk and uncertainty for customers, as their winnings or wagered amounts may not hold the same value when the bet concludes. 24/7 Clash’s platform automatically converts your crypto into USDT. Here’s how using USDT (Tether), on platforms such as 24/7 Clash, can mitigate fluctuation risks and provide significant advantages:

Impact of Crypto Value Fluctuations

1. Volatility Risk: Cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) are highly volatile, meaning their value can rise or fall dramatically within short periods. A customer placing a bet in BTC might see the value of their winnings reduced if BTC’s price falls before they withdraw or reinvest.
2. Uncertainty in Winnings: Even if a customer makes accurate predictions and wins a bet, the actual value of their winnings in fiat terms might be lower if the crypto’s value drops.
3. Customer Hesitation: Some customers may be hesitant to participate in bets involving volatile assets, fearing they could lose value even if they win the bet.

Advantages of Using USDT (Tether)

USDT is a stablecoin pegged to the value of the US dollar (1 USDT ≈ 1 USD). Here’s why it’s advantageous for a cryptocurrency fantasy sports platform:

Stability and Confidence

• Since USDT maintains a relatively stable value, customers are protected from crypto volatility. The value of their bet and winnings remains consistent in USD terms, reducing uncertainty.
• This stability fosters trust, particularly for users unfamiliar with or skeptical about cryptocurrencies.

Simplified Wagering and Payouts

• Betting amounts and winnings in USDT are easier for customers to understand because they align with the value of fiat currency. This transparency appeals to users who want clarity in the value of their wagers and rewards.

Encouraging Participation

• By removing volatility concerns, platforms can attract a broader audience, including users who might avoid crypto due to its unpredictability.
• Customers can focus solely on the fantasy sports gameplay without worrying about external market factors affecting their bets.

Global Accessibility

• USDT enables seamless participation for users worldwide, bypassing the need for traditional currency conversions or bank fees.
• It’s particularly valuable in regions with unstable local currencies, offering a dependable alternative for betting and payouts.

Integration with the Crypto Ecosystem

• While USDT provides stability, it still operates within the broader cryptocurrency ecosystem, allowing for easy integration with wallets, exchanges, and other crypto services.
• Customers can quickly exchange USDT for other cryptocurrencies if they wish, adding flexibility to their betting experience.

Incorporating USDT as the primary currency in a cryptocurrency fantasy sports platform addresses the volatility challenges of other cryptocurrencies, offering customers a more stable and reliable betting experience. By using USDT, the platform can attract a wider range of participants, foster confidence, and simplify the user experience—all critical for growth and retention in the competitive fantasy sports market.