Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $385.95M and an average price change of +36.79%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9928 | -0.05% | +0.02% | $278.07M | $2.07M | 280.09M | ||||
 Frax (prev. FXS)FRAX | $0.7840 | -6.82% | +25.18% | $69.18M | $10.61M | 88.23M | Trade | ||
 TerraClassicUSDUSTC | $0.006880 | +2.91% | +5.88% | $38.41M | $2.83M | 5.58B | Trade | ||
| $0.0004218 | +0.00% | +0.07% | $188,133.5 | $1.97 | 446.01M | ||||
 Basis CashBAC | $0.001769 | -1.70% | +7.20% | $96,541.04 | $12,148.47 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0005629 | -15.86% | -22.01% | $6,363.12 | $1,452.97 | 11.30M | |||
| $0.006920 | +2.18% | +4.54% | $0 | $389,043.77 | 0.00 | ||||
 One CashONC | $0.02444 | -0.88% | -1.24% | $0 | $12,521.44 | 0.00 | |||
| $0.2482 | +355.92% | +354.85% | $0 | $22.15M | 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.