Top Seigniorage by market capitalization
Seigniorage contain 8 coins with a total market capitalization of $385.48M and an average price change of +1.97%. 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 | +0.06% | +0.01% | $278.10M | $495,700.21 | 280.09M | ||||
 Frax (prev. FXS)FRAX | $0.7697 | -0.56% | +15.53% | $67.92M | $2.50M | 88.23M | Trade | ||
 TerraClassicUSDUSTC | $0.007110 | +1.03% | +5.40% | $39.69M | $9.59M | 5.58B | Trade | ||
| $0.0004215 | -0.05% | +0.57% | $188,001.85 | $1.96 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.0007591 | +34.89% | +12.20% | $8,580.88 | $5,127.26 | 11.30M | |||
| $0.007060 | -1.35% | +5.22% | $0 | $879,800.8 | 0.00 | ||||
 One CashONC | $0.02497 | +1.93% | +3.19% | $0 | $11,910.57 | 0.00 | |||
| $0.3580 | -1.49% | +594.30% | $0 | $111,845.43 | 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.