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Showing posts with the label stablecoin

🏋 You Gotta Fight for Your Right to Party! 🍺

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UFC Freedom 250 Paid Fighter Bonuses in USD1 When UFC Freedom 250 wrapped up on the South Lawn of the White House on June 14, the post-fight bonus structure drew attention for reasons that had nothing to do with the scorecards. Fighters at the event received a total of $250,000 in performance bonuses paid in USD1 , the stablecoin issued by World Liberty Financial (WLFI) . [ Yahoo Finance ] For the digital currency community, the mechanics of that payout are worth a closer look . What Is USD1? USD1 is a dollar-to-dollar stablecoin — meaning each token is designed to hold a one-to-one value with the U.S. dollar. Its circulating supply has grown to approximately $4.6 billion as World Liberty Financial pursues a federal banking license . [ CoinDesk ] As stablecoins go, USD1 has had an eventful few months . Earlier this year, WLFI borrowed more than $75 million in stablecoins from Dolomite, a DeFi lending protocol, using 3 billion of its own WLFI governance tokens as collater...

💔I Knew You Were Trouble When You Walked In 🇮🇹

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Juventus and the Tether Offer: A Somber Turn for the Adventurous   The answer came swiftly, definitively, and without room for negotiation. Exor , the Agnelli family's holding company, rejected Tether's approximately €1.1 billion offer to acquire their controlling stake in Juventus Football Club. For those who wondered whether the deal might proceed, whether new ownership might arrive with fresh capital and renewed ambitions , the response was clear: the club would remain with her century-old family. As the Christmas season approaches, there is a quietness to this decision that feels heavier than it should. This was not simply a business transaction declined— it was a door closing on possibility at a time when possibilities felt scarce . Tether had pledged to invest €1 billion in the club's support and development if the acquisition completed. The stablecoin company's CEO, Paolo Ardoino , spoke of personal connection, of growing up with the team, of l...