ChainThink report, on March 5, Musk reposted a screenshot allegedly from internal testing of X Money, confirming its authenticity. The image shows X Money offering up to 6% annualized yield on deposits, along with a debit card feature featuring cashback incentives.

Meanwhile, Eric Trump, the second son of former President Trump, published a scathing critique this morning targeting major U.S. banks including JPMorgan and Wells Fargo. Eric Trump claimed that banking sector lobbying aims to suppress Americans' access to higher yields while seeking to eliminate stablecoins to preserve their monopolistic control. Recently, a new round of debate has erupted over stablecoin yield provisions during the legislative process of the Cryptocurrency Market Structure Act (the CLARITY Act).