UFC to pay White House fighters in crypto issued by Trump company
6 hours ago
- #Cryptocurrency
- #UFC
- #Trump Family
- UFC announced paying fighter bonuses in World Liberty Financial (WLF) cryptocurrency at White House MMA event.
- WLF is a Trump and Witkoff family venture, with Trump listed as 'Chief Crypto Advocate' holding over $50 million in WLF.
- USD1 stablecoins, pegged to the US dollar, will be used for bonuses, separate from WLF's controversial governance tokens.
- The event is scheduled for June 14, Trump's birthday, and WLF is an official sponsor of UFC Freedom 250.
- WLF has generated billions in paper gains and is one of the largest wealth sources for Trump's family.
- The announcement is seen as advertising for USD1, linking it to UFC and the White House.
- WLF faces litigation with crypto tycoon Justin Sun over governance tokens and has applied for a banking license.