Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $345.49M and an average price change of -2.99%. 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.
See more
| Name | Price | 24h (%) | 7D (%) | Market cap | 24h volume | Supply | Last 24h | Action | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9902 | -0.15% | -0.18% | $273.15M | $997,391.79 | 275.85M | ||||
 Frax (prev. FXS)FRAX | $0.4000 | +2.05% | -4.43% | $38.20M | $480,094.29 | 95.51M | Trade | ||
 TerraClassicUSDUSTC | $0.006552 | -9.42% | +7.42% | $36.54M | $3.65M | 5.58B | Trade | ||
 Basis CashBAC | $0.002807 | +2.97% | +11.24% | $153,190.8 | $645.98 | 54.58M | |||
| $0.0003140 | -1.18% | -5.17% | $140,063.37 | $1.49 | 446.01M | ||||
| $0.006658 | -5.65% | +9.82% | $0 | $338,112.01 | 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.