Bloomberg Adds Stablecoin Analytics Powered by Allium

Bloomberg has launched a stablecoin dashboard on its Terminal, giving financial professionals access to onchain data tracking stablecoin supply, issuance and transaction activity.

The dashboard, powered by blockchain data platform Allium, covers stablecoins with more than $100 million in circulation, representing over 98% of the market, according to a Wednesday announcement from Bloomberg.

Users can compare stablecoins by supply, mints, burns, transfer volume and velocity, and break down activity by blockchain network and peg type, including fiat currencies and commodities.

The dashboard is available to all Bloomberg Terminal users through RWAS and places the onchain data alongside the platform’s existing fixed-income, foreign exchange and money-market tools.

The Terminal is widely used by banks, asset managers and other financial professionals for real-time market data, news, analytics, trading and communications. Bloomberg has carried Bitcoin pricing on the platform since 2014 and currently provides pricing, reference data, identifiers and benchmarks for 50 cryptocurrencies.

The move comes as the stablecoin market capitalization has risen above $306 billion, according to DeFiLlama data, with Tether’s USDT accounting for roughly 60% of the market.

Magazine: Peter Brandt says Bitcoin may hit $600K by 2029, calls XRP a ‘fool coin’

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.