UFC Fighters to Receive Bonuses in Trump Family’s USD1 Stablecoin
- UFC confirmed bonuses of up to $250,000 will be paid using USD1, a stablecoin issued by World Liberty Financial.
- The price of USD1 rose above $1 on June 12, with a trading volume increase of over 93% to $2.38 billion in the last day.
- The UFC Freedom event faced criticism for its reported $60 million cost and was part of the nation’s semiquincentennial celebrations.
- World Liberty Financial is linked to the Trump family and is under scrutiny for potential conflicts of interest regarding Trump’s financial disclosures.
- A lawsuit has been filed against World Liberty by Tron founder Justin Sun, alleging token freezing without justification.
The use of stablecoins like USD1 for UFC bonuses highlights the growing intersection between sports and cryptocurrency, despite ongoing controversies surrounding the company’s ties to political figures.
As UFC fighters prepare for their bonuses, World Liberty’s USD1 stablecoin has seen significant trading activity following its price surge above $1. (Source)
