BBVA’s approach to crypto in Spain and Türkiye illustrates a core truth: Technology is global. Adoption is local. Execution is everything.

Stablecoins used to be a side story. In Q2 2025, they became the plot. Between market noise, shifting sentiment, and real signals of maturity, crypto had a loud quarter. Our Outrun Q2 report cuts through it — a quick read built for a fast-moving world.

MiCA harmonized the rules. But Europe still punishes those who treat it like a checkbox.