BTC $83,672 
ETH $2,687 
USDT $0.9998 
BNB $768.51 
XRP $1.48 
USDC $0.9999 
SOL $117.50 
TRX $0.3328 
FIGR_HELOC $1.03 
ZEC $1,393 Bloomberg adds onchain stablecoin dashboard to its Terminal
The Allium-powered tool shows stablecoin supply, issuance, mints, burns and transfer activity for coins above $100 million in circulation.
Key takeaways
- 98% of the market. The dashboard covers stablecoins with more than $100 million in circulation, which Bloomberg says is over 98% of the market.
- A $306 billion market. Stablecoin market capitalization has risen above $306 billion, and Tether's USDT is roughly 60% of it.
- 50 cryptocurrencies. Bloomberg has carried Bitcoin pricing since 2014 and now covers 50 cryptocurrencies with pricing, reference data, identifiers and benchmarks.
What happened
Bloomberg has launched a stablecoin dashboard on its Terminal, giving financial professionals access to onchain data on stablecoin supply, issuance and transaction activity. The dashboard runs on data from Allium, a blockchain analytics company, and Bloomberg says it covers stablecoins with more than $100 million in circulation, which the company says is over 98% of the market.
Terminal users can compare stablecoins by supply, mints, burns, transfer volume and velocity, and break activity down by blockchain network and peg type, including fiat currencies and commodities. The dashboard sits inside the RWAS function and is available to all Terminal subscribers, next to Bloomberg's fixed-income, foreign exchange and money-market tools.
Matthew Parkinson, who leads digital assets product at Bloomberg, said stablecoins are becoming a bigger part of institutional digital asset markets. He added that firms are looking at how cash and assets can move through tokenized financial systems. Allium co-founder and CEO Ethan Chan said institutions want the same certainty in onchain data that they already have with traditional market data.
Why it matters
The Terminal is widely used by banks, asset managers and other financial professionals for market data, news, analytics, trading and communications. Putting onchain stablecoin figures in the same place lets those users follow issuance and transfers alongside tools they already use.
Bloomberg says it wants to give clients a level of detail comparable to what they already get in traditional markets. That framing places stablecoin activity inside mainstream market data rather than a separate niche.
All Terminal subscribers can access the dashboard, and no extra sign-up or fee was mentioned in the announcement.
What the data shows
The launch comes as the stablecoin market capitalization has risen above $306 billion, according to DeFiLlama data. Tether's USDT accounts for roughly 60% of the market.
The dashboard covers stablecoins with more than $100 million in circulation, which Bloomberg says represents over 98% of the market.
Background
Bloomberg has shown Bitcoin pricing on the Terminal since 2014. It now supplies pricing, reference data, identifiers and benchmarks for 50 cryptocurrencies, and the stablecoin dashboard extends that coverage into a more detailed format focused on onchain activity rather than price data alone.
Questions readers ask
What does the Bloomberg stablecoin dashboard track?
It tracks supply, mints, burns, transfer volume and velocity, and breaks activity down by blockchain network and peg type, including fiat currencies and commodities. It covers stablecoins with more than $100 million in circulation.
Who can use the dashboard and does it cost extra?
It is available to all Bloomberg Terminal subscribers through the RWAS function, alongside fixed-income, foreign exchange and money-market tools. No extra sign-up or fee was mentioned in the announcement.
How large is the stablecoin market?
Stablecoin market capitalization has risen above $306 billion, according to DeFiLlama data. Tether's USDT accounts for roughly 60% of that market.
What is Allium?
Allium is a blockchain analytics company that powers the dashboard. Ethan Chan co-founded Allium and serves as its CEO.
