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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $402.96M and an average price change of +1.14%. They are listed in size 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9936 | +0.06% | -0.11% | $284.42M | $654,259.18 | 286.25M | ||||
 Frax (prev. FXS)FRAX | $0.9110 | -3.18% | -16.27% | $81.78M | $6.79M | 89.77M | Trade | ||
 TerraClassicUSDUSTC | $0.006629 | +1.48% | -5.56% | $37.03M | $10.96M | 5.59B | Trade | ||
| $0.0004211 | +9.70% | -0.47% | $187,818.91 | $2.18 | 446.01M | ||||
 Basis CashBAC | $0.001722 | +0.62% | +0.52% | $93,962.92 | $8,845.94 | 54.58M | |||
 Seigniorage SharesSHARE | $0.003734 | -6.36% | -10.66% | $78,405.66 | $8,844.57 | 21.00M | |||
| $0.006646 | +2.13% | -5.64% | $0 | $960,329.07 | 0.00 | ||||
 One CashONC | $0.04592 | -5.51% | +0.77% | $0 | $9,034.64 | 0.00 | |||
| $0.1122 | -0.02% | +1.99% | $0 | $9,236.79 | 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.