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”.
34 Comments
hopesdead@startrek.website · 123 pts · 73d
So… they aren’t paying them at all. Just admit it. If you are being paid in any cryptocurrency… you are not being paid in a legal tender that 100% of the country accepts.
lemmyng@lemmy.world · 42 pts · 73d
That's the point. Pay 'em in Krusty Bucks.
CharlesDarwin@lemmy.world · 40 pts · 73d
It's a perfect precursor to the level of grift they are trying to get to if they are not stopped:
https://www.unftr.com/blog/trump-is-looting-the-treasury
redsand@infosec.pub · 21 pts · 73d
Legal loophole because they aren't supposed to make money on any of this. It's pegged stablecoins, they'll cash out to dollars, yuan, dinar, etc... Literally the next day.
dhork@lemmy.world · 17 pts · 73d
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.
hopesdead@startrek.website · 22 pts · 73d
Yes, but stocks hold value as being a form of ownership in a company.
Taldan@lemmy.world · 5 pts · 73d
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
KnitWit@lemmy.world · 87 pts · 73d
Amazing how they keep finding new layers of corruption to add. Like a rotten onion.
CharlesDarwin@lemmy.world · 13 pts · 73d
If they get the grift they are aiming for, the corruption will be endless:
https://www.unftr.com/blog/trump-is-looting-the-treasury
rustydrd@sh.itjust.works · 40 pts · 73d
shittydwarf@piefed.ca · 30 pts · 73d
SkunkWorkz@lemmy.world · 29 pts · 73d
Corpos are really desperate to reintroduce scrip.
ryper@lemmy.ca · 29 pts · 73d
It says the crypto is being used for bonuses. That suggests they are also getting other pay, hopefully with actual money.
santa@sh.itjust.works · 12 pts · 73d
I hope they aren’t getting paid with our money. Maybe you don’t care how they are paid, but this is ridiculous.
DrMartinu@lemmy.dbzer0.com · 11 pts · 73d
Hopefully? I hope everyone involved in this down to the stage hands get robbed blind and lose everything. Fuck everyone involved.
ryper@lemmy.ca · 1 pts · 73d
Yes, I hope the fighters get paid with actual money they can use to pay any medical expenses that result from the fights.
DrMartinu@lemmy.dbzer0.com · 3 pts · 73d
Meshuggah333@piefed.world · 23 pts · 73d
I'm rolling my eyes so hard it hurts.
D_C@sh.itjust.works · 5 pts · 72d
Ok, ok, ok, it hurts...but does it hurt as much as being repeatedly punched in the face then not being paid for it?
queermunist@lemmy.ml · 23 pts · 73d
Good. That's exactly what they deserve.
wasabi_noir@lemmy.zip · 23 pts · 73d
Dana white looks like a scrotum holding its breath.
Jarix@lemmy.world · -16 pts · 73d
Okay.. And?
anon_8675309@lemmy.world · 7 pts · 73d
lol.
criss_cross@lemmy.world · 13 pts · 72d
Is this the same crypto that you can’t cash out without Trump's permission?
That’s like worse than getting nothing.
CaptPretentious@lemmy.world · 7 pts · 72d
If what you're saying is true, then getting paid in Monopoly money would literally be preferable.
elucubra@sopuli.xyz · 10 pts · 72d
This is right out of The Boys
binux@sh.itjust.works · 2 pts · 72d
It’s closer to the opposite tbh. The Boys more often than not outright mimicked reality to make its commentary obvious as opposed to actually practicing good writing hygiene. It didn’t really have anything further or more unique to say than: “look, US politics and culture but… superhumans!!!”
Colonel_Panic_@eviltoast.org · 10 pts · 73d
We are already back to company scrip huh?
We sure are regressing and declining quickly, anyone have an altimeter for this bird? Would be awful if we crashed.
stumu415@lemmy.zip · 7 pts · 73d
USA, USA, USA, USA
Zier@fedia.io · 6 pts · 73d
trump: here's your payment. [hands the UFC fighters a box of twinkies & ho ho's]
fighters: ...
Treczoks@lemmy.world · 6 pts · 72d
This so fucking crazy, you can't invent it.
CharlesDarwin@lemmy.world · 4 pts · 73d
Probably foreshadowing of the EPIC GRIFT that is yet to come if the DonOLD crime family get their way:
https://www.youtube.com/watch?v=MgADgDLmKTI
Darleys_Brew@lemmy.ml · 4 pts · 73d
It gets better and better.
gedaliyah@lemmy.world · 3 pts · 72d
Do not pass Go.