Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $373.93M and an average price change of -0.19%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9910 | +0.20% | -0.25% | $277.82M | $73,237.09 | 280.35M | ||||
 Frax (prev. FXS)FRAX | $0.6699 | -2.65% | +7.96% | $58.91M | $3.45M | 87.94M | Trade | ||
 TerraClassicUSDUSTC | $0.006617 | -1.03% | -1.70% | $36.94M | $2.89M | 5.58B | Trade | ||
 Basis CashBAC | $0.001675 | +0.03% | -4.77% | $91,393.88 | $12,057.51 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0009988 | +0.04% | -5.20% | $11,290.66 | $8,318.88 | 11.30M | |||
| $0.006527 | -3.21% | -8.93% | $0 | $254,986.83 | 0.00 | ||||
| $0.05672 | +5.93% | -4.96% | $0 | $4,344.91 | 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.