Trump Media Considers Utility Token for Truth Social Platform

Donald Trump’s media company, Trump Media & Technology Group (TMTG), is exploring the creation of a utility token to power its Truth Social platform. This move, part of a broader strategy under their fintech brand, Truth.Fi, aims to expand the service’s reach and offerings. The token would facilitate payments for Truth+ subscriptions and potentially other ecosystem services in the future. It is envisioned as part of a rewards program within a digital wallet associated with Truth Social. The stock of TMTG saw a slight decline after the announcement, indicating cautious investor sentiment.