Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $290.20M and an average price change of -0.80%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9898 | -0.03% | -0.11% | $237.13M | $245,348.79 | 239.57M | ||||
 TerraClassicUSDUSTC | $0.005446 | -3.59% | -6.68% | $30.37M | $641,854.83 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2380 | -2.21% | -14.44% | $22.28M | $342,629.64 | 93.60M | Trade | ||
 Basis CashBAC | $0.002704 | +1.04% | -4.28% | $147,553.64 | $1,318.45 | 54.58M | |||
| $0.0002528 | -2.69% | -3.56% | $112,755.51 | $1.2 | 446.01M | ||||
| $0.005427 | -3.48% | -7.63% | $0 | $179,835.28 | 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.