Bloomberg Adds Stablecoin Data on the Terminal

Bloomberg put the Bloomberg RWAS stablecoin monitor on its professional terminal on 30 September 2026, at function code RWAS. The dashboard is powered by Allium. It is built for coins with a large circulating supply, and it adds some smaller coins and some coins that are not tied to the dollar. The release is a data product for terminal customers, not a new coin and not a policy.

What happened

The Bloomberg RWAS stablecoin dashboard launched on 30 September 2026. RWAS is the function code on the Bloomberg Terminal, the system used by professional investors and newsrooms. Allium supplies the figures. Bloomberg is the publisher. The split of labor matters: one firm collects the chain data, the other decides how it sits inside a terminal screen that already carries prices, filings, and news.

Coverage starts with stablecoins that have more than $100 million in circulating supply. Bloomberg says that cut captures more than 98 percent of the market. The dashboard also includes some smaller coins and some non-dollar coins, so the $100 million line is the core of the set rather than a hard wall. A stablecoin is a crypto asset designed to hold a steady value, most often one dollar, though the non-dollar coins in this product show the peg is not always the US dollar.

What updates, and how often, is specified. Current data on supply, mints, burns, transfer volume, and velocity update hourly. History updates daily. Supply is how many coins exist. A mint is a coin created. A burn is a coin destroyed. Transfer volume is how much moved. Velocity is how fast the stock of coins changes hands relative to the stock itself. Hourly current data and daily history are different clocks. A reader looking at a long chart is not looking at the same refresh as a reader looking at the latest hour.

Users can split the figures by network and by peg type. Network means which blockchain the coin moves on. Peg type means what value the coin is meant to track. Those two cuts answer different questions. One coin can exist on several networks. Several coins can share a peg. The dashboard, as described, lets a user separate those dimensions rather than staring at a single grand total.

Bloomberg's release says stablecoins account for more than $300 billion in circulating supply. That is the company's figure for the market the product is describing. A different vendor's total, and any single coin's share of it, is left out where only one outlet stated it. The $100 million threshold, the "more than 98 percent" claim, and the "more than $300 billion" claim are Bloomberg's, and they should be read as Bloomberg's.

Why it matters

Stablecoins are the cash leg of a large part of crypto trading. They also sit in the middle of arguments about reserves, redemptions, and which regulator should write the rules. A terminal function does not settle those arguments. It does put supply, creation, destruction, movement, and velocity in front of people who already pay for professional data. That is a distribution change. The numbers were not secret on public chains. They were not, until this launch, a Bloomberg function code.

The threshold is a choice about what "the market" means on the screen. Coins above $100 million are, on Bloomberg's saying, more than 98 percent of supply. Leaving the long tail partly in, through "some" smaller coins, means the screen is not a pure top-of-market list and not a census of every experiment. Users who need every small coin will not get that promise from this launch. Users who need the bulk of supply are the audience the threshold describes.

Mints and burns are the part of the display that speaks to confidence, if a user knows how to read them. The dashboard reports the flows. It does not, in the release used here, audit the reserves behind them. Velocity and transfer volume say how actively the coins move. They do not say why.

The network split matters because the same brand of coin can sit on several chains, and a stress on one chain is not a stress on all of them. The peg-type split matters because a coin meant to track a dollar, a coin meant to track another currency, and a coin meant to track something else are not one instrument. Putting them in one "stablecoin" total is a convenience. The function's ability to split them is the correction.

Hourly versus daily is an operational limit, not a footnote. Anyone using the screen during a redemption wave is on the hourly clock for current supply, mints, burns, transfer volume, and velocity. Anyone drawing a history is on the daily clock. Mixing those clocks is how a chart overstates a move. The release states the two clocks. It does not say the hourly feed is a substitute for the issuer's own attestation.

For related stablecoin coverage, see Circle's MiCA reserves review and OpenUSD stablecoin launch.

What's next

The dashboard is live, on the facts of the 30 September 2026 release, at the Terminal function RWAS, with Allium as the data source. Nothing in these accounts sets a date for a wider public version, a change in the $100 million cut, or an expansion of the fields beyond supply, mints, burns, transfer volume, and velocity.

How users split the data, by network and by peg type, is already part of the product as described. A later addition, such as a reserve report or a regulatory label, would be a new feature. It is not this launch. Bloomberg's market-size sentence remains "more than $300 billion" in circulating supply. A more precise third-party total is not used here.

Bloomberg's release is here. Cointelegraph's account is here.