Crypto is turning up wherever money already does its work, from a card at the till to a company’s spare cash to a government bond. A wallet like Zypto App is where that journey can start, and today shows how far it now reaches.
- Payment volume on crypto cards reached a record $12.5 billion, up 140% this year.
- Paxos launched its $3 billion USDG stablecoin on Arbitrum.
- Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC will lead the UK’s first digital gilt.
- $90 million for Spiko, whose tokenized cash funds already hold $2.7 billion.
Paying, saving and borrowing are all moving onto the same networks, at the scale of a household, a company and a country.
Crypto card payments hit a $12.5 billion record
Source: Bitcoin Magazine
Payment volume on crypto cards climbed to a record $12.5 billion, according to paymentscan.xyz data first shared by The Kobeissi Letter and reported by Bitcoin Magazine on October 6. That’s up 140% year to date and 247% higher than in October 2025.
The Kobeissi Letter credited the growth to stablecoins being used as a payment rail and a push for cheaper, faster cross-border payments, and called crypto cards “the next phase of crypto adoption.”
Zypto take: A card is where crypto meets the rest of daily life, so card volume is a good measure of whether people use what they hold. Zypto Premium VISA Cards convert your crypto when you load the card, so you know your balance before you shop and can use it wherever Visa is accepted. Download Zypto App.
USDG arrives on Arbitrum
Source: CoinDesk
Paxos’s USDG stablecoin launched on Arbitrum on October 6, and Arbitrum joined the Global Dollar Network, the Paxos-led group that shares rewards from USDG’s reserves with the partners that grow its use. USDG has more than $3 billion in circulation and is backed one for one by dollar reserves.
Lending, trading and payments apps including Morpho, GMX, Maple and Kraken integrated it at launch. Arbitrum already carries about $3.8 billion in stablecoins, roughly 60% of it USDC.
Zypto take: A dollar stablecoin that shares its reserve income with the networks that grow it gives Arbitrum a direct reason to put it in front of users. For anyone holding stablecoins, more dollars on more networks means more places to use them, and Zypto App holds them across 20+ blockchains from one place.
The UK picks six banks for its digital gilt
Source: Cointelegraph
The UK government named six banks on October 6 to lead DIGIT, its first digitally native government bond: Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets. They’ll handle underwriting, investor engagement and distribution.
DIGIT, the Digital Gilt Instrument, will run in the UK’s Digital Securities Sandbox to test onchain settlement for sovereign debt, with issuance expected by the first quarter of 2027. Economic Secretary Lucy Rigby called it “a practical test of new financial market infrastructure.”
Zypto take: Putting a government bond on a ledger takes tokenization into the core of public finance. Once sovereign debt settles onchain, tokenized real world assets have a benchmark to build around.
Spiko raises $90 million for tokenized cash
Source: The Block
Spiko raised a $90 million Series B led by NEA, The Block reported on October 6, bringing its total funding to $120 million. Its regulated cash funds, in euros, dollars, sterling and Swiss francs, are tokenized on public blockchains and hold $2.7 billion for more than 10,000 businesses and individuals.
Companies can set rules that move spare operating cash into the funds automatically while keeping enough on hand for payroll. Spiko plans new funds and local teams in Germany, Italy, Spain, the Netherlands and the Nordic region.
Zypto take: Once a company’s cash is onchain, a simple rule can move it to where it earns and back again in time for payroll. That works best when income lands onchain too, and merchants using Zypto Pay can settle in fiat or 100+ cryptocurrencies with 0% merchant-side processing fees.
Key Takeaways
- Crypto card use is growing fast, with stablecoins doing much of the work.
- Stablecoin issuers are starting to share reserve income with the networks that help them grow.
- Tokenized government debt now has named banks and a 2027 date in the UK.
- Businesses are putting real cash balances onchain so they can manage them by rule.
- Paying, saving and settling are moving onto the same networks, and the wallet in your pocket sits on those networks too.
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