Trump Media Group to Launch Truth Social Utility Token

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On April 30, according to The Block, Trump Media & Technology Group stated in a letter to shareholders: "As part of the reward program, we are exploring the introduction of a utility token in the Truth digital wallet, which can initially be used to pay for Truth+ subscription fees and may potentially be applicable to other products and services in the Truth ecosystem."

In January this year, the company launched the fintech brand Truth.Fi, and previously submitted a trademark application covering "downloadable computer software for use as a digital wallet" services.

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