Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $274.62M and an average price change of -0.99%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9913 | +0.05% | +0.13% | $217.40M | $22,404.15 | 219.32M | ||||
 Frax (prev. FXS)FRAX | $0.3181 | +3.42% | +17.64% | $29.77M | $694,709.86 | 93.61M | Trade | ||
 TerraClassicUSDUSTC | $0.005007 | -1.32% | +1.43% | $27.91M | $658,605.97 | 5.57B | Trade | ||
| $0.0002612 | -1.61% | +2.42% | $116,502.43 | $1.24 | 446.01M | ||||
 Basis CashBAC | $0.002151 | -0.20% | -3.77% | $117,393.91 | $0 | 54.58M | |||
| $0.005058 | +0.36% | +1.64% | $0 | $236,042.24 | 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.