coin-img-ETHETH+7.67%coin-img-BTCBTC+6.15%coin-img-SOLSOL+6.37%coin-img-XRPXRP+4.95%coin-img-XAUTXAUT+0.03%coin-img-TAATAA-56.13%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+8.52%coin-img-ETHETH+7.67%coin-img-BTCBTC+6.15%coin-img-SOLSOL+6.37%coin-img-XRPXRP+4.95%coin-img-XAUTXAUT+0.03%coin-img-TAATAA-56.13%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+8.52%coin-img-ETHETH+7.67%coin-img-BTCBTC+6.15%coin-img-SOLSOL+6.37%coin-img-XRPXRP+4.95%coin-img-XAUTXAUT+0.03%coin-img-TAATAA-56.13%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+8.52%coin-img-ETHETH+7.67%coin-img-BTCBTC+6.15%coin-img-SOLSOL+6.37%coin-img-XRPXRP+4.95%coin-img-XAUTXAUT+0.03%coin-img-TAATAA-56.13%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+8.52%

Musk Signals X Money 6% Deposit Yield as Eric Trump Targets Banks Over Stablecoin Returns

On March 5, Elon Musk reposted a message suggesting a leaked screenshot of X Money's internal testing is genuine, indicating the platform may offer up to 6% annualized deposit yields and support a debit card with cashback rewards, ChainThink reports. Eric Trump, second son of Donald Trump, criticized major U.S. banks including JPMorgan and Wells Fargo in a post the same day, alleging the banking sector's political lobbying aims to block Americans from accessing higher returns and curb stablecoins to defend their monopolies. ChainThink noted a fresh dispute has emerged around stablecoin yields amid the ongoing legislative process for the Cryptocurrency Market Structure Act, also referred to as the CLARITY Act.
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