Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $297.49M and an average price change of +0.77%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9911 | +0.05% | -0.20% | $239.60M | $605,911.91 | 241.75M | ||||
 TerraClassicUSDUSTC | $0.005866 | +0.62% | -3.06% | $32.71M | $930,603.05 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2747 | +4.73% | -2.48% | $25.71M | $549,968.89 | 93.60M | Trade | ||
 Basis CashBAC | $0.002967 | +5.81% | +11.19% | $161,903.46 | $327.79 | 54.58M | |||
| $0.0002628 | +1.08% | -1.92% | $117,200.79 | $1.26 | 446.01M | ||||
| $0.005854 | +0.52% | -3.21% | $0 | $229,061.93 | 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.