TLDR Tech / Crypto
World Liberty Financial to fund UFC fighter bonuses in USD1 stablecoin
World Liberty Financial, the crypto venture co-founded by Donald Trump and his sons, served as the presenting sponsor of UFC Freedom 250, held on the White House South Lawn to mark Trump's 80th birthday, and committed a $250,000 bonus pool paid in its USD1 stablecoin for Performance of the Night awards. Fight of the Night winners were set to earn $400,000 each and Performance of the Night winners $425,000 each, with the WLFI portion settled in USD1, a dollar-pegged stablecoin backed by US Treasuries and cash equivalents with custody handled by BitGo.
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