The operator of the social media platform Truth Social, Trump Media, has signed a non-binding agreement to partner with the cryptocurrency exchange Crypto.com.
The collaboration aims to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand.
The ETFs are expected to include digital assets and securities of American companies from various sectors, including energy.
Crypto.com will provide backend technology, act as custodian, and supply digital assets for the product basket.
Subject to final agreement and regulatory approval, the funds could launch by the end of this year, becoming available in the US, Europe, and Asia.
Trump Media plans not only to invest in the ETFs but also to allocate its own funds to individually managed Truth.Fi accounts. This will be part of the company’s strategy in financial services and fintech. The $250 million earmarked for the program will be held at Charles Schwab.
The price of the CRO token, associated with Crypto.com’s Cronos blockchain project, has risen by 30% in the past 24 hours. The asset is trading at $0.1, with quotes reaching $0.12 at one point.
On March 17, the Cronos community concluded a vote on the reissuance of 70 billion CRO, which were “permanently” burned in 2021. As a result, the market supply of the asset returned to its original value of 100 billion tokens, increasing by 70%.
The decision was supported by votes controlled by Crypto.com, contrary to the majority of users’ opinions, noted renowned on-chain sleuth ZachXBT.
CRO is no different from a scam
Your team just reissued 70B CRO a week ago that was previously burned “forever” in 2021 (70% total supply) and went against the community wishes as you control majority of the supply.
Unsure why Truth would chose a partnership with your exchange… pic.twitter.com/XNlusLDdZc
— ZachXBT (@zachxbt) March 25, 2025
“I don’t know why Truth [Social] chose to partner with your exchange instead of Coinbase, Kraken, Gemini, and so on after such a move by the team,” the expert questioned.
Trump’s Crypto Project Tests USD1
Meanwhile, a DeFi project linked to the family of former US President Donald Trump, WLFI, has launched the stablecoin World Liberty Financial USD (USD1) on BNB Chain, as reported by journalist Colin Wu.
A stablecoin called World Liberty Financial USD (USD1) has reportedly been launched on BNB Chain, allegedly linked to the Trump family fund. Market maker Wintermute’s address has interacted with the contract, with some test transfers observed. CZ noted the contract was deployed…
— Wu Blockchain (@WuBlockchain) March 24, 2025
The smart contract was interacted with by the address of market maker Wintermute, conducting several test transactions. No official statements have been made by the parties involved.
Binance co-founder Changpeng Zhao clarified that the contract was deployed about 20 days ago, and USD1 is not yet available for trading.
Back in the day, WLFI closed a second round of token sales, bringing the total funds raised to $590 million.