65 bil this year. remind me again how the regulators killed crypto casinos

Liquidity. USDC runs at roughly a third of USDT's depth on most exchanges, so spreads are wider and big movements cost more. And outside Europe nobody wants it. In Asia and Latin America USDT adoption is enormous and USDC barely registers, so an operator switching entirely would abandon its biggest depositor base to satisfy a market that isn't its biggest.
There's also the rail itself. USDT on Tron settles in seconds for almost nothing, and that's why it became the default casino deposit method in the first place. Whatever replaces it has to beat that on cost and speed, not just on paperwork.

Tested this properly rather than guessing at it. Same site, same account, two withdrawals last week. usdt trc20 landed in under four minutes. usdc on the same platform took nineteen and cost more in network fees

That's one site so don't build a religion on it but everyone talking about this like its purely a compliance question is skipping the bit where one of them is just faster

yeah 19min is a tragedy apparently my bank takes 3 days

19 minutes is nothing. its the withdrawals that never arrive at all that end you and none of them show up in anyones average