Tracking Stablecoin Supply and Circulation With Bloomberg's RWAS Function

On "Bloomberg Crypto," Scarlet Fu and Dushyant Shahrawat discuss a new Bloomberg function, RWAS <GO>, that tracks the circulation and supply of stablecoins. The tool is designed to give users a clearer view of how stablecoin issuance and usage evolve over time. The conversation focuses on why monitoring stablecoin supply and circulation matters for investors, traders and analysts seeking to understand liquidity and activity in digital asset markets. By aggregating data in a single function, RWAS aims to make it easier to follow trends in a fast-moving segment of crypto. Fu and Shahrawat walk through what the function offers and how it fits into Bloomberg's broader suite of market data and analytics, highlighting the growing importance of stablecoins as a bridge between traditional finance and the crypto ecosystem.