Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $347.61M and an average price change of +1.66%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9920 | +0.13% | -0.14% | $273.65M | $529,018.61 | 275.85M | ||||
 Frax (prev. FXS)FRAX | $0.4129 | -1.05% | -1.58% | $39.44M | $486,147.96 | 95.50M | Trade | ||
 TerraClassicUSDUSTC | $0.005967 | -1.64% | -3.84% | $33.28M | $1.56M | 5.58B | Trade | ||
| $0.0003326 | +1.39% | +1.77% | $148,335.32 | $1.57 | 446.01M | ||||
 Basis CashBAC | $0.002563 | -0.34% | -8.70% | $139,896.15 | $1,029.62 | 54.58M | |||
| $0.005971 | -2.25% | -4.58% | $0 | $211,029.99 | 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.