Trump’s Truth Social Mulls Launching Token for Subscriptions in Latest Crypto Push

Truth Social, the social media platform owned by Trump Media & Technology Group (DJT), which is majority-owned by U.S. President Donald Trump, is contemplating launching a cryptocurrency.

“As part of our rewards program, we’re exploring the introduction of a utility token with a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be applied to other products and services in the Truth ecosphere,” the corporate mentioned in a letter to its shareholders on Tuesday.

DJT barely reacted to the information; the inventory is down 0.52% in after-hours buying and selling.

The firm can be trying into launching exchange-traded funds (ETFs) that may mix equities with cryptocurrencies, the letter reiterated.

Trump’s entourage has launched a panoply of crypto merchandise through the years, together with memecoins, NFT collections, and a DeFi protocol.

Read extra: Trump Media Wants to Partner with Crypto.Com for ETP Issuance