Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $390.68M and an average price change of +4.02%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9932 | +0.07% | +0.17% | $278.19M | $7.64M | 280.09M | ||||
 Frax (prev. FXS)FRAX | $0.9725 | +57.25% | +53.92% | $85.80M | $40.71M | 88.23M | Trade | ||
 TerraClassicUSDUSTC | $0.006700 | -6.27% | +3.98% | $37.40M | $3.27M | 5.58B | Trade | ||
| $0.0004207 | +9.66% | +0.18% | $187,647.52 | $2 | 446.01M | ||||
 Basis CashBAC | $0.001803 | +1.58% | +10.97% | $98,376.8 | $12,028.05 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0006686 | +5.82% | -20.57% | $7,558.48 | $113.77 | 11.30M | |||
| $0.006636 | -6.40% | +3.04% | $0 | $294,538.13 | 0.00 | ||||
 One CashONC | $0.02348 | -10.23% | -5.22% | $0 | $12,241.99 | 0.00 | |||
| $0.05173 | +0.34% | -5.09% | $0 | $1,532.69 | 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.