UFC to pay White House fighters in crypto issued by Trump company
Summary
The UFC will give some fighters bonus payments in a type of cryptocurrency called stablecoins, issued by World Liberty Financial, a Trump family business. This event will take place during a UFC fight held on the White House lawn on June 14, President Donald Trump’s birthday.Key Facts
- UFC announced it will pay fighter bonuses using cryptocurrency from World Liberty Financial.
- World Liberty Financial is a company co-founded by President Trump and his sons in 2024.
- The cryptocurrency used is a stablecoin named “USD1” that is linked to the US dollar.
- The UFC fight event is happening on the White House lawn, June 14, 2024.
- World Liberty Financial is an official sponsor of this UFC event called Freedom 250.
- President Trump’s financial disclosure shows he holds over $50 million in World Liberty Financial.
- The stablecoins are separate from a digital token that the company previously sold and has faced legal disputes over.
- A White House spokesperson said there is no conflict of interest because Trump’s assets are managed by his children’s trust.
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