Trump’s Truth Social Explores Crypto Token for Subscriptions and ETFs
Truth Social, the social media platform under Trump Media & Technology Group (DJT), is considering launching a utility token to facilitate payments for its Truth+ subscriptions. The token would later expand to other services within its ecosystem, according to a shareholder letter released Tuesday.
The company’s stock showed minimal reaction, dipping 0.52% in after-hours trading. DJT also reiterated plans to explore cryptocurrency-equity hybrid ETFs, continuing Trump-affiliated entities’ history of crypto ventures.