Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $300.11M and an average price change of -0.87%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9905 | -0.22% | -0.21% | $239.55M | $1.77M | 241.85M | ||||
 TerraClassicUSDUSTC | $0.006224 | +2.73% | +3.24% | $34.71M | $2.04M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2822 | -1.84% | +2.45% | $26.95M | $541,756.95 | 95.52M | Trade | ||
 Basis CashBAC | $0.002834 | -1.32% | +4.20% | $154,685.81 | $392.46 | 54.58M | |||
| $0.0002726 | -0.78% | +4.99% | $121,584.48 | $1.29 | 446.01M | ||||
| $0.006209 | +1.82% | +2.16% | $0 | $365,655 | 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.