The post How Golf Supports Our Troops appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – NOVEMBER 07: Bob Parsons speaks onstage at The Headstrong Project Annual Gala 2024 on November 07, 2024 in New York City. (Photo by Chance Yeh/Getty Images for The Headstrong Project) Getty Images for The Headstrong Project As we celebrate Veterans Day on Tuesday, November 11, we examine the link between golf and our troops, from charities to commemorations. Veterans Day traces its roots to Armistice Day, first observed on November 11, 1919, marking the end of World War I. The date was officially recognized as a federal holiday in 1938. World War I also marked the first time golf contributed directly to the troops. Food and Facilities Golf’s popularity in the United States surged following Francis Ouimet’s U.S. Open win in 1913. That explosion of interest sparked a nationwide golf course construction boom. Many of these sites were once seaside plains or farmland. During both World Wars, golf courses and country clubs were repurposed to produce food or serve as training grounds for soldiers. Famous courses like Augusta National and The Lido assisted in military efforts during World War II. PXG Parsons Xtreme Golf (PXG) is a veteran-owned golf company that provides service members with significant discounts on clubs, accessories, and apparel. The owner, Bob Parsons, is a Marine who served as a rifleman in the 1st Battalion, 26th Marines during the Vietnam War. PXG offers a standing 20% discount to all who have served in the U.S. military. Through its associated charity, Double Down, PXG has helped raise over $249 million since 2012. “Serving as a U.S. Marine taught me that the mission doesn’t end when you come home,” said Bob Parsons, a U.S. Marine Corps Vietnam War veteran. “Veterans and their families face ongoing battles — some visible, many hidden. The Fund provides… The post How Golf Supports Our Troops appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – NOVEMBER 07: Bob Parsons speaks onstage at The Headstrong Project Annual Gala 2024 on November 07, 2024 in New York City. (Photo by Chance Yeh/Getty Images for The Headstrong Project) Getty Images for The Headstrong Project As we celebrate Veterans Day on Tuesday, November 11, we examine the link between golf and our troops, from charities to commemorations. Veterans Day traces its roots to Armistice Day, first observed on November 11, 1919, marking the end of World War I. The date was officially recognized as a federal holiday in 1938. World War I also marked the first time golf contributed directly to the troops. Food and Facilities Golf’s popularity in the United States surged following Francis Ouimet’s U.S. Open win in 1913. That explosion of interest sparked a nationwide golf course construction boom. Many of these sites were once seaside plains or farmland. During both World Wars, golf courses and country clubs were repurposed to produce food or serve as training grounds for soldiers. Famous courses like Augusta National and The Lido assisted in military efforts during World War II. PXG Parsons Xtreme Golf (PXG) is a veteran-owned golf company that provides service members with significant discounts on clubs, accessories, and apparel. The owner, Bob Parsons, is a Marine who served as a rifleman in the 1st Battalion, 26th Marines during the Vietnam War. PXG offers a standing 20% discount to all who have served in the U.S. military. Through its associated charity, Double Down, PXG has helped raise over $249 million since 2012. “Serving as a U.S. Marine taught me that the mission doesn’t end when you come home,” said Bob Parsons, a U.S. Marine Corps Vietnam War veteran. “Veterans and their families face ongoing battles — some visible, many hidden. The Fund provides…

How Golf Supports Our Troops

NEW YORK, NEW YORK – NOVEMBER 07: Bob Parsons speaks onstage at The Headstrong Project Annual Gala 2024 on November 07, 2024 in New York City. (Photo by Chance Yeh/Getty Images for The Headstrong Project)

Getty Images for The Headstrong Project

As we celebrate Veterans Day on Tuesday, November 11, we examine the link between golf and our troops, from charities to commemorations.

Veterans Day traces its roots to Armistice Day, first observed on November 11, 1919, marking the end of World War I. The date was officially recognized as a federal holiday in 1938. World War I also marked the first time golf contributed directly to the troops.

Food and Facilities

Golf’s popularity in the United States surged following Francis Ouimet’s U.S. Open win in 1913. That explosion of interest sparked a nationwide golf course construction boom. Many of these sites were once seaside plains or farmland. During both World Wars, golf courses and country clubs were repurposed to produce food or serve as training grounds for soldiers. Famous courses like Augusta National and The Lido assisted in military efforts during World War II.

PXG

Parsons Xtreme Golf (PXG) is a veteran-owned golf company that provides service members with significant discounts on clubs, accessories, and apparel. The owner, Bob Parsons, is a Marine who served as a rifleman in the 1st Battalion, 26th Marines during the Vietnam War. PXG offers a standing 20% discount to all who have served in the U.S. military. Through its associated charity, Double Down, PXG has helped raise over $249 million since 2012.

“Serving as a U.S. Marine taught me that the mission doesn’t end when you come home,” said Bob Parsons, a U.S. Marine Corps Vietnam War veteran. “Veterans and their families face ongoing battles — some visible, many hidden. The Fund provides critical support in those moments, helping them rebuild and succeed.”

Source: Semper Fi & America’s Fund Press Release

Bob and Renee Parsons have committed up to $7.5 million to match funds raised by the Semper Fi & America’s Fund dollar for dollar. The nonprofit supports injured, ill, and wounded service members, veterans, and their families.

Folds of Honor

Founded in 2007 at a golf course that would later become American Dunes, Folds of Honor has raised over $290 million and awarded 62,000 scholarships to the families of fallen soldiers. Founder Lt. Col. Dan Rooney, an F-16 fighter pilot and PGA professional, has combined his passions for service and golf to drive the organization’s mission. Through apparel partnerships and the American Dunes Golf Club, co-designed by Rooney and Jack Nicklaus, millions are raised annually through the game of golf.

PONTE VEDRA BEACH, FL – MARCH 08: Volunteers unfurl the American Flag during the Military Appreciation Ceremony prior to THE PLAYERS Championship on THE PLAYERS Stadium Course at TPC Sawgrass on March 8, 2022, in Ponte Vedra Beach, FL. (Photo by Chris Condon/PGA TOUR via Getty Images)

PGA TOUR

Golf Courses

The U.S. military owns and operates more than 150 golf courses across the country and around the world at its various bases. These range from championship-level layouts to a simple two-hole pitch-and-putt in Iraq. Some rank among the best public-access courses in the world, including Kaneohe Klipper in Hawaii and Eisenhower Golf Club in Colorado.

Golf memberships for active duty troops remain highly affordable, and many courses incorporate elements of veteran appreciation or patriotic design. American Dunes in Michigan, for example, is a collaboration between Folds of Honor and Jack Nicklaus, built to honor the fallen and support veteran causes.

War Time

Professional golf has experienced several hiatuses, most notably during the World Wars. While the sport in the U.S. was less affected than in Europe, American professionals saw their tournament schedules reduced or postponed, with many conscripted into military service.

Those who were too old or medically ineligible supported the war effort through charity exhibitions. In 1917 and 1918, the USGA’s Liberty Tournaments raised over $1 million for war relief. Newspapers chronicled golfers like Bobby Jones, Chick Evans, and Walter Travis as they traveled the country playing exhibition matches before thousands of spectators.

PGA HOPE

The PGA of America and its 38,000 professionals continue to support the military community through PGA HOPE (Helping Our Patriots Everywhere). This initiative introduces and teaches golf to veterans and active duty service members to improve their physical, mental, social, and emotional well-being. Led by PGA professionals, the program offers free 6–8 week golf instruction camps focused on skill development and community connection.

Source: https://www.forbes.com/sites/break80/2025/11/10/from-fairways-to-frontlines-how-golf-supports-our-troops/

Market Opportunity
BOB Logo
BOB Price(BOB)
$0.01157
$0.01157$0.01157
0.00%
USD
BOB (BOB) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

The post FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities appeared on BitcoinEthereumNews.com. The FBI says Kimsuky APT, a
Share
BitcoinEthereumNews2026/01/10 02:55
a16z targets AI and crypto after $15B fundraising year in 2025

a16z targets AI and crypto after $15B fundraising year in 2025

The post a16z targets AI and crypto after $15B fundraising year in 2025 appeared on BitcoinEthereumNews.com. Andreessen Horowitz (a16z) secured over $15 billion
Share
BitcoinEthereumNews2026/01/10 03:13
Stablecoin Market: Urgent Warning of a Zero-Sum Future

Stablecoin Market: Urgent Warning of a Zero-Sum Future

BitcoinWorld Stablecoin Market: Urgent Warning of a Zero-Sum Future A significant warning has emerged from financial giant JPMorgan, signaling a potentially challenging future for the stablecoin market. This isn’t just a minor blip; it’s a stark reminder that the booming world of digital assets faces a critical juncture, especially for those relying on the stability of stablecoins. JPMorgan’s recent research note suggests that unless the broader cryptocurrency market expands dramatically, stablecoin issuers are heading towards a fierce ‘zero-sum game’ scenario. The Alarming Truth About the Stablecoin Market What exactly does a ‘zero-sum game’ mean for the stablecoin market? Essentially, it implies that for one stablecoin to gain market share, another must lose it. This isn’t about overall growth where everyone benefits; it’s about a fixed pie where new entrants only succeed by taking a slice from existing players. JPMorgan analysts point to a rapidly increasing number of new stablecoin projects vying for attention. Tether recently announced its unregulated stablecoin, USAT. Hyperliquid plans to launch USDH, aiming to reduce its dependence on Circle’s USDC. Even traditional fintech powerhouses like Robinhood and Revolut are developing their own stablecoins. This surge of new issuers intensifies competition significantly. While the overall stablecoin market capitalization has reached an impressive $278 billion, its share of the total crypto market has remained stagnant, averaging below 8% since 2020. This stagnation, according to JPMorgan, is a key indicator of the brewing zero-sum challenge. Why is the Stablecoin Market Becoming So Crowded? The influx of new players into the stablecoin market isn’t accidental; it’s driven by various strategic motivations. Many projects aim to gain greater control over their financial infrastructure and reduce reliance on third-party stablecoins. For instance, Hyperliquid’s move to USDH is a clear example of a platform seeking self-sufficiency and potentially lower operational costs. Furthermore, established fintech firms like Robinhood and Revolut see stablecoins as a natural extension of their existing services. They can integrate these digital assets into their platforms, offering new functionalities and potentially attracting a broader user base. However, this expansion comes with a caveat: if the overall crypto market doesn’t grow proportionally, these new offerings will merely fragment the existing demand, making profitability and widespread adoption harder to achieve for all. The core challenge remains the limited expansion of the total crypto market relative to the growing supply of stablecoins. This dynamic creates an environment where innovation must go hand-in-hand with genuine market expansion, not just internal competition. Navigating the Competitive Stablecoin Market Landscape So, what does this intense competition mean for users and the broader crypto ecosystem? For one, it could lead to increased innovation as issuers strive to differentiate their offerings through better features, lower fees, or enhanced security. However, it also presents potential risks, particularly if some stablecoins fail to gain traction or face liquidity issues in a highly competitive environment. Users should exercise caution and conduct thorough due diligence when choosing stablecoins. For existing giants like USDC, the entry of new competitors means they must continue to innovate and maintain their market leadership. Regulatory clarity also plays a crucial role here. As more entities enter the space, the demand for clear, consistent regulations will only grow, potentially shaping the future landscape of the stablecoin market significantly. Ultimately, the long-term health of the stablecoin ecosystem hinges on the ability of the entire cryptocurrency market to attract new capital and users. Without this broader expansion, JPMorgan’s warning of a zero-sum game could become a stark reality. In conclusion, JPMorgan’s recent warning serves as a potent reminder of the escalating competition within the stablecoin market. While innovation and new entrants are exciting, the core challenge lies in the stagnant growth of the broader crypto market. For stablecoins to truly thrive beyond a zero-sum dynamic, a significant influx of new capital and users into the entire cryptocurrency ecosystem is paramount. The future success of these digital anchors depends on collective market expansion, not just internal rivalry. Frequently Asked Questions About the Stablecoin Market Q1: What is a ‘zero-sum game’ in the context of the stablecoin market? A1: A ‘zero-sum game’ means that for one stablecoin to gain market share, another stablecoin must lose an equivalent amount. It implies that the overall market size for stablecoins is not growing, forcing issuers to compete for a fixed pool of users and capital. Q2: Why is JPMorgan concerned about the stablecoin market? A2: JPMorgan is concerned because despite the stablecoin market’s growth in total value, its share of the overall crypto market capitalization has stagnated. With many new entrants, they believe competition will intensify, leading to a zero-sum dynamic unless the broader crypto market significantly expands. Q3: Which new stablecoin issuers are mentioned in the warning? A3: The warning highlights new entrants such as Tether’s unregulated stablecoin USAT, Hyperliquid’s planned USDH, and stablecoins being developed by fintech firms Robinhood and Revolut. Q4: What could be the implications for users of stablecoins? A4: For users, increased competition could lead to more innovative features, potentially lower fees, and better services. However, it also means a greater need for due diligence to assess the stability and reliability of various stablecoins, especially if some struggle in a crowded market. Q5: How can the stablecoin market avoid a zero-sum outcome? A5: According to JPMorgan, avoiding a zero-sum outcome requires significant expansion of the broader cryptocurrency market. This means attracting new capital and users into the entire crypto ecosystem, thereby growing the ‘pie’ rather than just re-dividing existing slices. Did JPMorgan’s warning about the stablecoin market catch your attention? Share this crucial insight with your network and join the conversation about the future of digital assets. Your thoughts and perspectives are invaluable! To learn more about the latest stablecoin market trends, explore our article on key developments shaping stablecoin market institutional adoption. This post Stablecoin Market: Urgent Warning of a Zero-Sum Future first appeared on BitcoinWorld.
Share
Coinstats2025/09/19 15:45