Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $291.09M and an average price change of +1.10%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9900 | +0.05% | -0.01% | $237.17M | $632,252.57 | 239.57M | ||||
 TerraClassicUSDUSTC | $0.005438 | -0.23% | -1.24% | $30.32M | $853,274.21 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2302 | -1.23% | -8.74% | $21.55M | $416,464.04 | 93.60M | Trade | ||
 Basis CashBAC | $0.002788 | -0.37% | -6.01% | $152,153.91 | $181.23 | 54.58M | |||
| $0.0002421 | -0.44% | -5.50% | $107,968.58 | $1.15 | 446.01M | ||||
| $0.005478 | +0.72% | +0.01% | $0 | $180,951.39 | 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.