MMA, a mixed martial arts company listed on the NYSE American Stock Exchange, signed a strategic MOU with World Liberty Financial (the Trump family's cryptocurrency project) to jointly design, issue, and scale the MMA.INC utility Token , and integrate the USD1 stablecoin onto the WLFI on-chain infrastructure.
The agreement aims to deploy stablecoin payments, a reward system, and access to WLFI infrastructure. Previously, MMA completed a $3 million private Capital , with Donald Trump Jr. participating in a role associated with the company.
- MMA is partnering with WLFI to develop the MMA.INC Token .
- Integrate the USD1 stablecoin for payments, rewards, and access.
- MMA has completed a $3 million private placement; Donald Trump Jr. is involved.
What does the MMA – World Liberty Financial agreement include?
MMA and World Liberty Financial will jointly design, issue, and scale the MMA.INC utility Token , integrating the USD1 stablecoin and payment features on the WLFI on-chain infrastructure.
According to the announcement, the scope of the collaboration includes stablecoin payments, rewards, and access based on the WLFI on-chain infrastructure. This indicates MMA's intention to integrate cryptocurrency utility into its ecosystem-related products/services through the WLFI blockchain infrastructure.
This MOU is strategic, focusing on Token Issuance, expanding distribution, and integrating the USD1 stablecoin as a means of payment. Details such as the issuance timing, Token supply size, or deployment markets are not specified in the original document.
Private placement worth $3 million and the role of Donald Trump Jr.
MMA announced it has completed a $3 million private Capital through 4,285,714 Series A preferred shares, led by American Ventures LLC.
The Capital round included participation from Donald Trump Jr., President Trump's eldest son. The original document stated that he currently serves as a strategic advisor to the company, thus creating a notable link between MMA and the Trump family's cryptocurrency project in the MOU agreement with WLFI.
