Elon Musk hints at X Money's 6% deposit yield and cashback debit card feature

Chainthink

Release Time: 03/05/2026 03:01:47

Summary

On-chain reports indicate that Elon Musk reposted a message on March 5 suggesting that leaked X Money screenshots are authentic. The images display a 6% deposit yield and a cashback debit card. Crypto news outlets note that Eric Trump criticized JPMorgan and Wells Fargo for lobbying against higher returns and stablecoins. The CLARITY Act is now facing renewed debate over stablecoin yields.

ChainThink reports that on March 5, Musk reposted a message implying that the leaked screenshot of X Money’s internal testing was authentic, showing that X Money offers up to 6% annualized deposit yields and includes a debit card with cashback rewards.

Meanwhile, Eric Trump, Donald Trump’s second son, posted this morning criticizing major U.S. banks including JPMorgan and Wells Fargo. Eric Trump claimed that the banking industry’s political lobbying aims to prevent Americans from earning higher returns and seeks to suppress stablecoins to protect their monopolies. Amid the legislative process of the Cryptocurrency Market Structure Act (also known as the CLARITY Act), a new debate has erupted over stablecoin yields.

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