A number of the fighters in Sunday’s Final Combating Championship (UFC) occasion on the White Home garden might be paid bonuses in stablecoins issued by the Trump household crypto firm World Liberty Monetary.
On Monday, World Liberty confirmed that UFC would pay as much as $250,000 in bonuses utilizing USD1, the US dollar-pegged stablecoin issued by the corporate. UFC had beforehand made the same announcement earlier than the occasion.
The value of USD1 jumped above $1 on June 12 and remained there, in keeping with CoinMarketCap knowledge eventually look. Buying and selling quantity previously 24 hours was up greater than 93%, at $2.38 billion.
World Liberty Monetary’s USD1 has traded beneath $1 for a lot of the previous month. Supply: CoinMarketCap.
The “UFC Freedom 250” occasion, strongly criticized by many in Congress for its reported $60 million price ticket, was held on the south garden of the White Home as a part of occasions deliberate for the nation’s semiquincentennial. Sponsors included World Liberty, prediction markets firm Polymarket and cryptocurrency alternate Crypto.com, which stated it might provide $1 million in bonuses for fighters with its Cronos (CRO) token.
World Liberty, launched in 2024 by members of the Trump household and a few others since linked to his administration, has been on the heart of controversy surrounding corruption claims focusing on the president. In Could 2025, a UAE firm stated it deliberate to make use of the USD1 stablecoin to settle a $2 billion funding in Binance. World Liberty additionally has an software pending with the US Workplace of the Comptroller of the Foreign money for a nationwide belief constitution.
Associated: Trump says Iran peace deal to be signed Sunday, contradicting Tehran
Trump’s monetary disclosures filed in January 2025 listed his holdings in World Liberty as price greater than $50 million. Final 12 months, he additionally signed the GENIUS Act into legislation, establishing a framework for cost stablecoins within the US amid related criticism from many Democratic lawmakers over potential conflicts of curiosity.
“There appears to be no restrict to Donald Trump’s self-dealing,” said Jaelin O’Halloran, a spokesperson for the Democratic Nationwide Committee, in response to the UFC announcement. “Trump by no means misses a chance to make use of the ability of the presidency to make himself and his household even richer.”
White Home spokesperson Davis Ingle instructed Cointelegraph that “there aren’t any conflicts of curiosity,” saying that Trump’s belongings “are in a belief managed by his youngsters.”
World Liberty faces lawsuit from Tron founder
In April, Tron founder Justin Solar, a Trump supporter and one of many largest holders of the president’s TRUMP memecoin, filed a lawsuit in opposition to World Liberty, alleging that the corporate froze his tokens and threatened to destroy them “with none correct justification.” Solar stated he would proceed to assist Trump and the administration’s crypto insurance policies, though World Liberty countersued the Tron founder weeks later.
Journal: Crypto scammers face death, Aussie CGT makes Asian hubs attractive: Asia Express
