White House · Donald Trump · US Congress · United Arab Emirates · Cointelegraph
Trump crypto company's USD1 stablecoins backing UFC event bonuses
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A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make [Trump] and his family even richer.”
Key facts
- In May 2025, a UAE company said it planned to use the USD1 stablecoin to settle a $2 billion investment in Binance
- On Monday, World Liberty confirmed that UFC would pay up to $250,000 in bonuses using USD1, the US dollar-pegged stablecoin issued by the company
- Trump’s financial disclosures filed in January 2025 listed his holdings in World Liberty as worth more than $50 million
- The “UFC Freedom 250” event, strongly criticized by many in Congress for its reported $60 million price tag, was held on the south lawn of the White House as part of events planned for the country’s
Summary
A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make and his family even richer.” Some of the fighters in Sunday's Ultimate Fighting Championship (UFC) event on the White House lawn will be paid bonuses in stablecoins issued by the Trump family crypto company, World Liberty Financial. On Monday, World Liberty confirmed that UFC would pay up to $250,000 in bonuses using USD1, the US dollar-pegged stablecoin issued by the company. The price of USD1 jumped above $1 on Friday and remained there, according to CoinMarketCap data at last look. World Liberty Financial's USD1 has traded below $1 for most of the past month.