White House · Donald Trump · South Korea · U.S. · The Block
Trump-backed World Liberty Financial to fund UFC fighter bonuses in USD1 stablecoin at White House event
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World Liberty Financial, the DeFi project backed by President Donald Trump and his sons, will pay a portion of UFC fighter bonuses in its USD1 stablecoin at UFC Freedom 250, the event taking place Sunday on the South Lawn of the White House.
Key facts
- TKO Group Holdings COO Mark Shapiro told a Morgan Stanley conference that Freedom 250 carries a production budget above $60 million, roughly half of it offset by sponsorships, according to Yahoo
- World Liberty Financial, the DeFi project backed by President Donald Trump and his sons, will pay a portion of UFC fighter bonuses in its USD1 stablecoin at UFC Freedom 250, the event taking place
- The World Liberty pool is separate from a $1 million bonus pool denominated in Crypto.com's CRO token
- UFC Freedom 250 is headlined by a lightweight title unification bout between Ilia Topuria and Justin Gaethje, with former two-division champion Alex Pereira facing Ciryl Gane at heavyweight
Summary
UFC President and CEO Dana White announced the partnership Friday at a press conference at the Lincoln Memorial. "We're proud to celebrate a historic night for UFC and the United States," said Zach Witkoff, co-founder and CEO of World Liberty Financial, in a statement. The World Liberty pool is separate from a $1 million bonus pool denominated in Crypto.com's CRO token. UFC Freedom 250 is headlined by a lightweight title unification bout between Ilia Topuria and Justin Gaethje, with former two-division champion Alex Pereira facing Ciryl Gane at heavyweight.