Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $274.38M and an average price change of -1.41%. The coins are listed by market capitalization.
On the blockchain, stablecoins are created using complex mathematical formulas to guarantee price stability. Seigniorage is the profit made by a government or economy by producing currency for less than its exchange value. Essentially, seigniorage is the difference between the cost of producing money, such as a $10 bill or quarter coin, and its face value. When the seigniorage is positive, the government can expect to make a profit. However, if the seigniorage is negative, it will result in a loss for the government.
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| Name | Price | 24h (%) | 7D (%) | Market cap | 24h volume | Supply | Last 24h | Action | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9918 | -0.04% | -0.12% | $217.53M | $165,260.03 | 219.32M | ||||
 TerraClassicUSDUSTC | $0.005208 | -1.40% | -2.10% | $29.02M | $828,057.52 | 5.57B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2952 | -0.98% | -3.12% | $27.63M | $388,533.4 | 93.62M | Trade | ||
| $0.0003297 | -0.60% | -0.59% | $147,048.25 | $1.91 | 446.01M | ||||
 Basis CashBAC | $0.001222 | -3.52% | -19.29% | $66,697.28 | $0 | 54.58M | |||
| $0.005296 | +1.40% | -1.04% | $0 | $194,161.91 | 0.00 |
FAQ
Which type of stablecoin uses seigniorage?
Basis Cash is a project that focuses on seigniorage-style algorithmic stablecoins. It involves three cryptocurrencies and aims to keep the price of BAC stable by controlling the supply.
What is an example of an algorithmic stablecoin?
A similar project is Ampleforth (AMPL), which utilizes an algorithm to modify the token supply in accordance with fluctuations in demand.
Which type of stablecoin uses seigniorage shares system to retain a stable price?
Non-collateralized stablecoins are those that rely on the Seigniorage Shares system's principle.