Online Gambling Platforms Earn 414 Million USDT Despite Service Shutdowns

Bitrace reports continued operations of gambling sites linked to Huionepay and TudouGuarantee, generating significant revenue over 53 days despite provider closures.

USDT

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Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the US dollar, commonly used in cryptocurrency transactions for its price stability.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like the US dollar.
  • Online Gambling Platforms: Web-based services that allow users to place bets or gamble using digital payment methods, including cryptocurrencies.