OpenID for Verifiable Credentials (OID4VC) is a protocol family developed in the Digital Credentials Working Group (DCP WG) of the OpenID Foundation, which enables the development of Wallet-based applications. It has seen tremendous adoption in the last two years in different contexts and jurisdictions. This resulted in a lot of implementers feedback and increased participation in the WG. One of those initiatives, eIDAS 2.0, provided very high security and privacy requirements. This talk will give an update on the latest developments of OID4VC and an outlook on the topics that are planned to be addressed. It will also cover additional aspects important to strengthen OID4VC ecosystem, such as conformance testing, security analysis results and overview of the available Open Source implementations.