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# Newsletter: Week 12–16 October
- URL: https://www.thenextvertical.com/in-the-news-week-12-16-october/
- Published: 2026-10-16T08:25:09.000Z
- Updated: 2026-10-20T18:38:37.000Z
- Author: The Next Vertical 
- Tags: Newsletter

**In the News: Week 12–16 October**

This week’s feature: [**Bitcoin Suisse Group CEO Andrej Majcen: Crypto’s Next Era Is Wealth Management**.](https://www.thenextvertical.com/bitcoin-suisse-group-ceo-andrej-majcen-cryptos-next-era-is-wealth-management/)

**Stablecoins and payments**

- **Noah received EU approval to offer digital-asset payment services across the bloc under MiCA.**  
**Why it matters:** Stablecoin payments are becoming licensed, EU-wide infrastructure rather than crypto experiments.
- **Qivalis moved closer to launching a stablecoin after receiving EMI authorisation.**  
**Why it matters:** Regulation, liquidity and distribution—not technology—are now the main barriers to scale.

**Banks, assets and AI**

- **SaaScada and Zumo partnered to bring regulated digital-asset services to UK banks and wealth managers.**  
**Why it matters:** Banks may become the main distribution channel for digital assets.
- **ClearToken and Consensys partnered on 24/7 settlement.**  
**Why it matters:** Always-on settlement could challenge traditional market infrastructure.
- **The FSB published 12 sound practices for responsible AI adoption by financial institutions.**  
**Why it matters:** Financial firms now have a clearer supervisory framework for deploying AI.
- **Matters exited stealth with $5 million to build an AI-native bank.**  
**Why it matters:** AI-native banking is attracting early capital and moving into product development.

**The takeaway**

The week’s theme is convergence: stablecoins are becoming regulated payment rails, banks are embedding digital assets, and AI is moving into payments execution and core banking.