Bloomberg has launched a new dashboard on its Terminal, providing financial professionals with hourly onchain data for stablecoins exceeding $100 million in circulation. The tool, powered by Allium, allows users to compare stablecoins by supply, issuance, transfers, and activity across various blockchain networks.
The integration of hourly onchain stablecoin data into the Bloomberg Terminal provides financial professionals with enhanced tools to analyze the rapidly growing stablecoin market, potentially influencing trading strategies and risk management for assets underpinning a significant portion of the digital asset economy.
Bloomberg has introduced a new dashboard on its Terminal, offering financial professionals hourly onchain data for stablecoins. The tool, powered by the blockchain data platform Allium, aims to provide comprehensive insights into stablecoin supply, issuance, transfers, and overall activity across various blockchain networks.
The dashboard covers stablecoins with a market capitalization exceeding $100 million, which collectively represent over 98% of the total stablecoin market, according to Bloomberg. Users can analyze and compare different stablecoins based on metrics such as supply, mints, burns, transfer volume, and velocity. The data can also be segmented by blockchain network and peg type, including fiat currencies and commodities.
This new feature is accessible to all Bloomberg Terminal users through the RWAS <GO> command and integrates onchain data alongside the platform's existing tools for fixed-income, foreign exchange, and money markets. The Bloomberg Terminal is a widely adopted platform among banks, asset managers, and other financial professionals for real-time data, news, analytics, and trading.
Bloomberg has been involved in cryptocurrency data since 2014, currently providing pricing, reference data, identifiers, and benchmarks for 50 cryptocurrencies. The launch comes as the global stablecoin market capitalization has surpassed $306 billion, with Tether's USDT holding approximately 60% of this market.
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