Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $273.79M and an average price change of +2.19%. 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% | +0.08% | $217.51M | $138,245.06 | 219.31M | ||||
 TerraClassicUSDUSTC | $0.005108 | +4.73% | -3.74% | $28.48M | $643,176.63 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2958 | -2.87% | -1.61% | $27.70M | $672,237.62 | 93.63M | Trade | ||
| $0.0003293 | +2.41% | +29.90% | $146,871.27 | $1.9 | 446.01M | ||||
 Basis CashBAC | $0.0009642 | -- | -1.80% | $52,622.37 | $0 | 54.58M | |||
| $0.005121 | +5.73% | -4.87% | $0 | $178,438.71 | 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.