Bloomberg has launched a new stablecoin dashboard on the Bloomberg Terminal, bringing onchain market data directly into the workflow of institutional investors. The dashboard is driven by blockchain data provider Allium and tracks a stablecoin market with a combined supply of more than $300 billion. It lets users follow movements in supply, mints, burns, and transfers, as well as activity across individual blockchains, with data refreshed hourly.

Stablecoin Market Tracking Comes to the Terminal

Stablecoins are digital tokens designed to hold a steady value against a reference asset, most commonly the U.S. dollar. The new dashboard is available through the RWAS function and integrates stablecoin analytics alongside the existing fixed income, foreign exchange, and money market offerings available through BWFX.

Coverage includes all stablecoins with a circulating supply above $100 million, a cohort that accounts for more than 98% of the total stablecoin market. Bloomberg has also included selected smaller assets, as well as stablecoins pegged to currencies or commodities other than the U.S. dollar.

For each asset, users can compare metrics including circulating supply, token issuance, burns, transfer volume, and velocity. Mints and burns record when tokens are created or removed from circulation, while velocity measures how often a token changes hands, so together they show not just how large the market is but how actively that supply is being used. Current figures are updated once an hour, while historical data is refreshed daily, allowing users to track how supply and flows develop over time.

Breaking Down Activity by Blockchain

Beyond asset-level totals, the dashboard offers greater insight into the performance of selected stablecoins across the different blockchains on which they are issued and traded. Users can switch quickly between an asset-level view and a blockchain-level view, making it easier to see where issuance and transfer activity is taking place. That chain-level breakdown matters because the same token can see very different levels of use from one network to another, and the view makes clear where transfer activity is actually concentrated.

Assets can also be sorted by peg, whether that is a fiat currency, a commodity, or another stablecoin. This gives investors a clearer read on the liquidity of the stablecoins in question, rather than requiring them to cross multiple blockchain explorers and analytics sites.

Stablecoin Supply Tops $300 Billion

Stablecoins have emerged as a key component of crypto market infrastructure, with circulating supply now above $300 billion. Their role no longer stops at crypto trading: the tokens are gaining traction as a means of settlement, as a channel for cross-border payments, and as a way to move cash within tokenized financial systems.

The sector also tracks traditional markets closely, as large issuers hold substantial quantities of short-dated U.S. government paper among their reserve assets.

Bloomberg's new product places this activity on a platform used by banks, asset management companies, and institutional trading desks, putting onchain token flows alongside the fixed income and money market data those firms already monitor.

Bloomberg Expands Its Onchain Data Push

The stablecoin dashboard builds on Bloomberg's long-running crypto expansion, which stretches back more than a decade. Bitcoin pricing has been available on the Terminal since 2014, and the company now offers pricing, benchmarks, identifiers, and reference data for more than 50 institutionally relevant cryptocurrencies. Bloomberg has also created a portfolio-level measure of direct and indirect crypto exposure.

The collaboration with Allium pushes that strategy further by adding blockchain-native transaction data to the same environment institutions already use for traditional markets.

More recently, Bloomberg has pushed further into the tokenized-markets space through additional data partnerships, part of a broader push to combine DeFi and traditional capital market insights within a single institutional workflow. As stablecoins' role in settlement and cross-border payments evolves, the dashboard's hourly supply, mint, and transfer figures give institutions a direct, running record of how that usage develops.