Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $335.75M and an average price change of +1.64%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9929 | -0.05% | +0.17% | $273.89M | $2.95M | 275.85M | ||||
 TerraClassicUSDUSTC | $0.006182 | +7.99% | -7.55% | $34.47M | $6.80M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2934 | +2.38% | -27.16% | $28.03M | $604,580.49 | 95.52M | Trade | ||
 Basis CashBAC | $0.002810 | +7.71% | +4.36% | $153,353 | $1,796.31 | 54.58M | |||
| $0.0002710 | +3.59% | -13.99% | $120,858.61 | $1.29 | 446.01M | ||||
| $0.006155 | +6.44% | -7.52% | $0 | $707,225.1 | 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.