Elon Musk has hinted at the authenticity of screenshots showing X Money's internal testing, which reveal an offering of up to 6% annualized deposit yields and a debit card with cashback rewards. This development comes amid growing discussions about stablecoin yields and the Cryptocurrency Market Structure Act.
In a related commentary, Eric Trump criticized major U.S. banks like JPMorgan and Wells Fargo, accusing them of political lobbying to suppress stablecoin competition and prevent Americans from accessing higher returns. The debate over stablecoin yields continues to intensify as legislative discussions on the CLARITY Act progress.
Elon Musk Teases X Money's 6% Deposit Yield and Rewards Card
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