Trump-linked stablecoin used for bonus payouts at White House UFC contest
CoinDesk·
60-second summary
A White House UFC contest, UFC Freedom 250, paid fighter bonuses in USD1, a stablecoin issued by World Liberty Financial, a crypto venture linked to Donald Trump. The event highlights the increasing adoption of stablecoins in mainstream events. This development may boost the stablecoin's market value, potentially influencing the broader cryptocurrency market.
UFC Freedom 250 paid fighter bonuses in USD1, the stablecoin issued by the Trump-linked crypto venture World Liberty Financial, at a contest held at the White House.