insured

X money is FDIC insured plus a 6% yield?

X Money is starting to roll out to select U.S. Premium+ users, and the pitch is simple: Keep your money inside X and get features that look more like a bank than a social media app. The numbers are what make people pay attention. X is offering 6% APY on wallet balances, with FDIC insurance …

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Insured deposits hit $10.5 trillion, FDIC fund holds only $140.9 billion, a penny of coverage per dollar insured

Total Insured Deposits: $10.5 TRILLIONFDIC Insurance Fund: $140.9 BILLION That’s just over a PENNY for every DOLLAR they "insure." Yields are rising, bank losses are growing, and what comes next could be much worse. Don’t assume "your money" is safe. pic.twitter.com/jbj4Jj4A9K — Taylor Kenney (@taylorkenneyitm) May 30, 2025

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