WisdomTree announced that users can now spend funds from the WisdomTree Government Money Market Digital Fund (WTGXX) directly through their Visa debit cards. Will Peck, head of digital assets at WisdomTree, said in a statement: "By connecting yield assets directly to our spending function, users can fund their daily purchases within the application, and through WTGXX investment, they have the potential to earn income every day until the investment is sold to pay for consumption."
WTGXX is a tokenized RWA fund composed of U.S. Treasury bonds and other highly liquid assets. WisdomTree said that as of October 9, it has a yield of about 4.6% and currently has an asset management scale of about $12 million. (Cointelegraph)