Elon Musk hints that X Money offers a 6% deposit yield, while also launching a cashback debit card feature

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Mars Finance reports that on March 5th, Elon Musk reposted a hint suggesting that the leaked internal test screenshots of X Money are genuine. The image shows that X Money offers up to 6% annualized deposit returns and includes a debit card with cashback benefits. Meanwhile, Trump’s second son, Eric Trump, posted this morning criticizing American banks such as JPMorgan and Wells Fargo. Eric Trump stated that the banking industry’s political lobbying aims to prevent Americans from earning higher returns and attempts to stifle stablecoins to maintain their monopoly. Recently, in the legislative process of the Cryptocurrency Market Structure Act (also known as the CLARITY Act), a new round of debates has erupted over stablecoin yields.

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