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Today in crypto, Elon Musk’s X platform is eyeing a 2025 launch for its financial services arm. In South Korea, the top financial regulator will probe fees at local exchanges, and US President Donald Trump has urged lawmakers to move quickly on stablecoin legislation, saying he wants the bill on his desk “ASAP.”
Elon Musk’s social media platform, X, will soon integrate various financial services, enabling users to make payments and investments directly within the app.
In a recent interview with the Financial Times, X CEO Linda Yaccarino said the platform’s estimated 600 million users will eventually “be able to transact [their] whole life on the platform,” from sending money to managing investments.
The company is also considering launching an X-branded credit or debit card, potentially later this year.
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