Spain's BBVA has joined the European bank stablecoin project Qivalis. Qivalis aims to launch a euro-based stablecoin to counter the dominance of digital dollar stablecoins. With BBVA's participation, 12 major EU banks including BNP Paribas, ING and UniCredit are involved. Euro-pegged coins account for $860 million of the $300 billion stablecoin market. Qivalis is seeking approval from the Dutch central bank as an e-money institution and targets a token launch in the second half of 2026.

Ripple has integrated the decentralised derivatives trading protocol Hyperliquid into its institutional prime brokerage platform, Ripple Prime. Coindesk reported the integration allows Ripple Prime users to access Hyperliquid's on-chain derivatives liquidity while keeping margin and risk management within the existing platform. Ripple said the integration supports managing DeFi derivatives and traditional financial assets on a single platform. Ripple Prime supports foreign exchange, fixed income and over-the-counter swaps.