A Boring Dystopia

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UFC to pay White House fighters in crypto issued by Trump company (www.theguardian.com)

submitted 4 months ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

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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”.

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[–] redsand@infosec.pub 1 point 4 months ago

Cook away. They'll cash these coins out no problem. The liquidity comes from elsewhere and serves multiple scams

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