ChainCatcher Message, billionaire Mark Cuban speculates on the functions of the Trump phone, "I think they might be playing a clever game by embedding a crypto wallet supporting the Trump family’s crypto project WLFI, TRUMP Meme token, and stablecoin USD1 into the phone. Any transactions created would generate fees for them, and there are many ways to sell products and preload anything they want."

Yesterday, the Trump Organization announced the launch of the T1 smartphone, priced at $499, expected to be released in September. U.S. President Trump has stated that the Trump phone will use "Made in America" phones and services.