Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $296.99M and an average price change of -3.11%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9904 | -0.00% | -0.28% | $239.42M | $252,100.26 | 241.75M | ||||
 TerraClassicUSDUSTC | $0.005886 | -3.66% | +0.89% | $32.82M | $1.09M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2631 | -4.78% | -5.83% | $24.62M | $636,722.69 | 93.60M | Trade | ||
 Basis CashBAC | $0.002806 | +1.20% | +5.96% | $153,156.07 | $1,066.2 | 54.58M | |||
| $0.0002594 | -5.65% | -2.09% | $115,699.18 | $1.24 | 446.01M | ||||
| $0.005928 | -3.44% | +2.32% | $0 | $278,812.61 | 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.