Trump Media to Issue New Digital Token to DJT Shareholders

Summary

CoinDesk Daily recaps three crypto news items. Trump Media announced a token distribution for DJT shareholders via Crypto.com, prompting moves in DJT and CRO. Tether added over 8,800 Bitcoin using excess earnings rather than debt, and Iran's defense export center reportedly began accepting crypto payments to bypass sanctions.

• Trump Media plans to issue one digital token per whole DJT share through a Crypto.com partnership.
• The token will be minted on Cronos and is expected to offer Truth Social ecosystem rewards.
• DJT shares and the CRO token rose after the announcement.
• Tether added more than 8,800 Bitcoin, worth roughly $780 million, to its treasury.
• Tether funds Bitcoin purchases with excess earnings from Treasury bills backing USDT, not debt.
• Iran's defense export center is reportedly accepting crypto for weapons systems to bypass sanctions.