Trump crypto company's USD1 stablecoins backing UFC event bonuses
UFC said fighters at Sunday’s White House lawn event will receive bonuses of up to $250,000 paid in USD1, the stablecoin issued by Trump family-backed World Liberty Financial. World Liberty confirmed the arrangement, and USD1 briefly rose above $1 with trading volume surging. The “UFC Freedom 250” event drew criticism over its reported $60 million cost and its setting on the White House south lawn as part of semiquincentennial celebrations. Other sponsors included Polymarket and Crypto.com, which planned its own fighter bonuses. World Liberty, launched in 2024 by Trump family members, has faced ongoing conflict-of-interest and corruption concerns. Trump’s January 2025 disclosures valued his World Liberty holdings at more than $50 million, and Democrats accused him of self-dealing. The White House said there were no conflicts because his assets are held in a trust managed by his children.
