September 30, 18:49

Bloomberg launches Allium-powered stablecoin dashboard on Terminal

Bloomberg Adds Stablecoin Analytics Powered by Allium

Cointelegraph

Bloomberg has launched a stablecoin dashboard on its Terminal, powered by blockchain data platform Allium. The dashboard gives financial professionals hourly onchain data on stablecoin supply, issuance, transfers and activity across blockchain networks. Bloomberg said in a Wednesday announcement that the dashboard covers stablecoins with more than $100 million in circulation, representing over 98% of the market. Users can compare stablecoins by supply, mints, burns, transfer volume and velocity. Users can also break down activity by blockchain network and peg type, including fiat currencies and commodities. All Bloomberg Terminal users can access the dashboard through RWAS , alongside the platform's fixed-income, foreign exchange and money-market tools. Banks, asset managers and other financial professionals widely use the Terminal for real-time market data, news, analytics, trading and communications. Bloomberg has carried Bitcoin pricing on the Terminal since 2014. Bloomberg currently provides pricing, reference data, identifiers and benchmarks for 50 cryptocurrencies. Stablecoin market capitalization has risen above $306 billion, according to DeFiLlama data. DeFiLlama data shows Tether's USDT accounts for roughly 60% of that market.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.