Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $279.60M and an average price change of +0.87%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9934 | +0.01% | +0.28% | $217.87M | $263,364.82 | 219.31M | ||||
 TerraClassicUSDUSTC | $0.005780 | -1.60% | -3.64% | $32.24M | $1.07M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.3088 | -0.87% | +2.79% | $28.91M | $454,746.55 | 93.62M | Trade | ||
| $0.0002536 | -0.00% | -31.19% | $113,107.58 | $1.63 | 446.01M | ||||
 Basis CashBAC | $0.0009595 | -- | -0.77% | $52,366.77 | $0 | 54.58M | |||
| $0.005775 | -0.96% | -2.89% | $0 | $237,526.24 | 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.