Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $292.25M and an average price change of -2.54%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9912 | -0.03% | +0.30% | $237.47M | $429,389.01 | 239.57M | ||||
 TerraClassicUSDUSTC | $0.005567 | +0.01% | +1.19% | $32.66M | $682,670.96 | 5.87B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2560 | +1.15% | +11.03% | $23.96M | $430,612.7 | 93.61M | Trade | ||
 Basis CashBAC | $0.002840 | +0.04% | -11.74% | $155,019.15 | $0 | 54.58M | |||
| $0.0002746 | +1.87% | +7.59% | $122,476.51 | $1.31 | 446.01M | ||||
| $0.005539 | -0.38% | +0.04% | $0 | $198,278.58 | 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.