Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $279.80M and an average price change of -4.06%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9918 | +0.01% | -0.09% | $217.51M | $514,365.02 | 219.31M | ||||
 TerraClassicUSDUSTC | $0.005980 | +6.04% | +11.25% | $33.32M | $1.05M | 5.57B | Trade | ||
 Frax (prev. FXS)FRAX | $0.3029 | +7.38% | +11.88% | $28.36M | $589,290.64 | 93.61M | Trade | ||
| $0.0002535 | -29.06% | -24.97% | $113,074.7 | $1.62 | 446.01M | ||||
 Basis CashBAC | $0.0009670 | -- | -1.82% | $52,775.35 | $0 | 54.58M | |||
| $0.005914 | +0.91% | +8.93% | $0 | $203,801.59 | 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.