What to Watch Next
Global Stablecoin Rules Still Leave Cross-Border Gaps
On October 12, the Financial Stability Board delivered a new stablecoin note to G20 finance ministers and central-bank governors. It highlighted cross-border vulnerabilities and the data gaps that still limit regulators’ ability to monitor global stablecoin arrangements. As stablecoins expand beyond crypto trading into payments and settlement, inconsistent national frameworks could become a financial-stability issue rather than a narrow crypto-policy question.
A 37-Bank Euro Stablecoin Clears a Major Regulatory Hurdle
On October 14, Qivalis received authorisation from De Nederlandsche Bank as an Electronic Money Institution. The company, backed by 37 European banks across 15 countries, is now eligible to issue euro-denominated electronic-money tokens. Issuance is planned for the coming months and remains subject to MiCA requirements and publication of a white paper, but the approval brings a bank-led European stablecoin closer to market.
Ethereum Sets Glamsterdam’s Next Testnet Milestone
On October 16, the Ethereum Foundation scheduled the Glamsterdam upgrade for activation on the Hoodi testnet on October 26. The upgrade introduces enshrined proposer-builder separation and block-level access lists, while Hoodi’s gas limit will rise to 200 million. Mainnet timing has not yet been decided, but the testnet deployment is an important step in Ethereum’s effort to increase Layer 1 throughput while keeping block validation practical.