Some fighters taking part in Sunday’s Ultimate Fighting Championship (UFC) event on the White House lawn will receive bonuses in stablecoins issued by the Trump family’s crypto company World Liberty Financial.
Freedom of the World on Monday confirmed that the UFC will pay up to $250,000 in bonuses using $1, the company’s stablecoin pegged to the U.S. dollar. The UFC previously issued a similar statement ahead of the event.
According to the latest data from CoinMarketCap, the price of $1 rose above $1 on June 12 and remained at that level. Trading volume in the last 24 hours increased by more than 93% to $2.38 billion.
For most of the last month, World Liberty Financial’s $1 exchange rate remained below $1. Source: CoinMarketCap.
The “UFC Freedom 250” event was sharply criticized by many in Congress for its nature reported The $60 million event took place on the South Lawn of the White House as part of events planned for the country’s sesquicentennial. Sponsors included World Liberty, forecasting company Polymarket and cryptocurrency exchange Crypto.com, which said it would offer fighters a $1 million bonus using the Cronos token (CRO).
The World Liberty program, launched in 2024 by members of Trump’s family and several others with ties to his administration, has been at the center of controversy over corruption allegations against the president. In May 2025, a UAE-based company said it planned to exploit a $1 stablecoin to settle a $2 billion investment in Binance. World Liberty is also awaiting consideration of its application to the U.S. Office of the Comptroller of the Currency for a national trust charter.
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Trump’s financial disclosures filed in January 2025, he exchanged his shares of World Liberty for over $50 million. He also signed the GENIUS Act last year, establishing a framework for stablecoin payments in the US, despite similar criticism from many Democratic lawmakers over potential conflicts of interest.
“It seems that Donald Trump’s self-management has no limits,” he added. he said Jaelin O’Halloran, spokeswoman for the Democratic National Committee, in response to the UFC announcement. “Trump never misses an opportunity to use the power of the presidency to further enrich himself and his family.”
White House spokesman Davis Ingle told Cointelegraph there is “no conflict of interest,” saying Trump’s assets “are in a trust managed by his children.”
World Liberty is facing trial from the founder of Tron
In April, Tron founder Justin Sun, a Trump supporter and one of the largest holders of the president’s TRUMP memecoin, filed a lawsuit against World Liberty, alleging that the company froze his tokens and threatened to destroy them “without any adequate justification.” Sun said it would continue to support Trump and the administration’s crypto policies, although World Liberty opposed the Tron founder a few weeks later.
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