Musk Hints X Money Offers 6% Deposit Yield, Introduces Cashback Debit Card Feature

BlockBeats News, March 5th, Musk retweeted hinting that the online leaked X Money internal test screenshot is genuine. The screenshot shows that X Money offers up to 6% APY on deposits and also includes a debit card feature with cashback.

Meanwhile, Eric Trump, son of former President Trump, this morning criticized the U.S. banking industry represented by JPMorgan and Wells Fargo. Eric Trump stated that the banking industry's political lobbying aims to prevent Americans from earning higher returns while trying to stifle stablecoins to maintain their own monopoly. Recently, in the legislative process of the "Crypto Market Structure Act" (known as the CLARITY Act), a new round of debate is erupting around stablecoin yields.