0:00
0:00
Subscribe to Bankless or sign in
World Liberty Financial's USD1 stablecoin, issued by the crypto venture tied to President Trump's family, served as the presenting partner for a $250,000 fighter bonus pool at UFC Freedom 250, a mixed martial arts card staged on the White House south lawn on June 14th, Trump's 80th birthday.
What's the Scoop?
- What's New: Bonuses across all seven fights were paid out directly in USD1. The high-visibility rollout lands just months after USD1 was at the center of a borrowing controversy, where WLFI took out a +$75M loan against 3 billion of its own WLFI tokens on the Dolomite lending protocol, pushing the USD1 pool to 93% utilization and temporarily trapping retail depositors who couldn't withdraw funds.
- Supply Surge: USD1's circulating supply has roughly grown from $3.3B at the start of 2026 to about $4.6B as of this month, even as WLFI works to repair its reputation following the Dolomite episode and an ongoing legal dispute with early token buyer Justin Sun.
- Conflict of Interest Questions: Trump's financial disclosures put his WLFI stake above $50M, though the administration says his assets sit in a trust managed by his children and insists there's no conflict.
