Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $342.36M and an average price change of -0.54%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9939 | +0.03% | +0.05% | $274.26M | $64,587.43 | 275.94M | ||||
 Frax (prev. FXS)FRAX | $0.4228 | +2.15% | +3.12% | $40.34M | $4.53M | 95.40M | Trade | ||
 TerraClassicUSDUSTC | $0.005103 | +7.62% | +14.56% | $28.47M | $9.10M | 5.58B | Trade | ||
| $0.0002922 | +1.73% | +14.80% | $130,316.44 | $1.39 | 446.01M | ||||
 Basis CashBAC | $0.002400 | +0.49% | +0.43% | $130,962.06 | $9,088.28 | 54.58M | |||
| $0.005056 | +7.09% | +15.12% | $0 | $814,957.11 | 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.