Some fighters will receive bonuses in ‘stablecoins’ issued by Trump family business World Liberty Financial
The Ultimate Fighting Championship (UFC) announced on Friday that it will pay bonuses to fighters in a form of cryptocurrency issued by Trump family business World Liberty Financial at the heavily publicized White House mixed martial arts event on Sunday.
The development connects the Trump family’s financial interests to the high-profile UFC competition being promoted on government property. The competition on the south White House lawn is scheduled for 14 June, Donald Trump’s birthday.
The UFC said some fighters will receive bonuses in World Liberty Financial crypto called “stablecoins”, whose value is pegged to the US dollar. World Liberty named the currency “USD1”.
But as long as it can be converted to legal tender, it still counts. Some folks get paid partially in stock, after all, and it works for them.
Yes, but stocks hold value as being a form of ownership in a company.
It’s a stablecoin used by the POTUS to accept bribes. I don’t see it collapsing while he’s in office
Might as well be USD, since Trump would use the full might of the US government to ensure he can continue enriching himself