Bloomberg brings onchain stablecoin data to its Terminal

Bloomberg has introduced a new data dashboard on its Terminal platform, offering financial professionals real-time onchain data regarding stablecoin supply, issuance, transfers and activity across various blockchain networks. The Allium-powered dashboard is accessible to all Terminal users and provides hourly updates on stablecoins with over $100 million in circulation, representing more than 98% of the market.

Bloomberg announced the launch of the dashboard on Wednesday, highlighting its ability to compare stablecoins based on supply, minting and burning activities, transfer volumes, and velocity. Users can also analyze activity by blockchain network and peg type, including fiat currencies and commodities.

The new feature is seamlessly integrated into Bloomberg Terminal alongside existing tools for fixed-income, foreign exchange, and money-market data. The Terminal, widely used by banks, asset managers, and other financial professionals, provides real-time market data, news, analytics, trading, and communication services. Bloomberg has been tracking Bitcoin pricing on the platform since 2014 and currently offers pricing, reference data, identifiers, and benchmarks for 50 cryptocurrencies.

The stablecoin market has seen significant growth, with its market capitalization surpassing $306 billion, as per DeFiLlama data. Tether’s USDT accounts for about 60% of this market. This launch comes as the stablecoin market continues to expand, reflecting the increasing adoption and reliance on blockchain-based digital assets within the financial ecosystem.