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Gambling-Related USDT Funds Grow As 1k New Online Gambling Websites Use Tether

Deposits and withdrawals of USDT among gambling websites through crypto payment platforms are on the rise, according to a report from Wu Blockchain, authored by Bitrace.

A  study of 20 active online gambling sites revealed that there have been over 5 million USDT new deposits and other related addresses in 2022 with 161 new USDT payment platforms.

The data for these 20 gambling platforms show a total outflow of 4.2 billion USDT between 2021 and 2022. $780 million USDT was deposited into 60,000 exchange addresses, representing 18.57% of all outflows from online gambling.

1,031 new online gambling platforms will be using USDT in 2022, according to the report.

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