Truth Social, social network linked to President Trump, plans to launch his own cryptocurrency

It will be a token linked to the ecosystem of products and services of Social truth. It is also contemplated to launch a wallet, and the parent company explores the possibility of issuing its own ETF based on cryptocurrencies.

***

• The initiative contemplates a token and a digital wallet brand “Truth.”
• The creation of quoted funds (ETF) that integrate actions and cryptocurrencies are also studied.
• Business linked to the US president explores opportunities in the crypto sector.

The social network Social truthowned by Trump Media & Technology Group (DJT), whose majority shareholder is the US president Donald Trump, announced that he is evaluating to launch his own cryptocurrency as part of his expansion strategy.

In a letter addressed to its shareholders, reviewed by several media, the company indicated that it explores the development of a Token that will be part of its rewards program. This new digital currency would be initially used to pay subscriptions to Truth+ And, in a second stage, apply to other products and services within the ecosystem Truth

Token, Wallet, and exploring possible ETF crypt

The proposal of Social truth It is not limited only to the launch of the Token. The company also plans to introduce its own digital wallet, known as “Truth Wallet”, which will facilitate transactions within its platform.

This movement is aligned with a broader trend in which social networks and digital platforms seek to offer closed economies where users can interact and consume services through their own assets, eliminating traditional intermediaries.

Although the initiative seeks to strengthen the financial independence of Social truthits success will depend on the acceptance of the public and the fulfillment of the US regulations on digital assets.

In addition to Token, Trump Media & Technology Group reiterated in the same letter His interest in developing funds quoted in the stock exchange (ETF) that combine traditional actions with cryptocurrencies.

The company has not yet specified launch dates or details about the compositions of these ETFs, but this strategic direction reflects a growing interest in creating hybrid financial products that can attract both traditional investors and digital asset enthusiasts.

The main challenge for these ETF will be to cope with the current regulatory framework in the United States, where the Bag and Securities Commission (SEC) He has shown reluctance to approve vehicles that include direct exposure to unregulated cryptocurrencies.

A record of incursions into the crypto world

It is not the first time that the environment close to Donald Trump ventures into the cryptocurrency space. In recent years, services associated with the current president have launched several products of this nature.

Among them are collections from NFT (non -fungible tokens) With the image of Trump, Memecoins inspired by his political figure and even a protocol DEFI (decentralized finance), known as the latter as World Liberty Financial.

This history shows a continuous effort by the ex -president and its circle to capitalize on the popularity of technology Blockchain and the monetization opportunities it offers.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, Created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter