MMA partners with Trump family crypto project WLFI to launch utility token and integrate USD1

PANews reported on December 30th that, according to Globenewswire, MMA, a mixed martial arts group listed on the NYSE American, has announced a strategic Memorandum of Understanding (MOU) with World Liberty Financial, a crypto project of the Trump family. The two companies will jointly design, issue, and expand the MMA.INC utility token, and will also integrate the stablecoin USD1 and provide stablecoin payments, rewards, and access based on the WLFI on-chain infrastructure. MMA previously announced the completion of a $3 million private placement of 4,285,714 Series A preferred shares, led by American Ventures LLC, with participation from Donald Trump Jr., the eldest son of President Trump, who currently serves as a strategic advisor to the company.