Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $338.86M and an average price change of +2.70%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9909 | -0.08% | -0.03% | $273.42M | $129,132.59 | 275.94M | ||||
 Frax (prev. FXS)FRAX | $0.4167 | -1.49% | -9.39% | $39.76M | $882,531.91 | 95.40M | Trade | ||
 TerraClassicUSDUSTC | $0.004498 | +1.82% | -5.77% | $25.09M | $840,001.7 | 5.58B | Trade | ||
 Basis CashBAC | $0.002439 | +20.43% | -6.31% | $133,111.68 | $13,203.73 | 54.58M | |||
| $0.0002380 | -6.01% | -2.10% | $106,165.78 | $1.26 | 446.01M | ||||
| $0.004491 | +1.38% | -5.93% | $0 | $96,183.3 | 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.