Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $276.12M and an average price change of -0.23%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9921 | +0.05% | +0.11% | $217.59M | $83,781.33 | 219.32M | ||||
 TerraClassicUSDUSTC | $0.005371 | -1.68% | +10.87% | $29.93M | $7.02M | 5.57B | Trade | ||
 Frax (prev. FXS)FRAX | $0.3060 | -1.54% | +9.57% | $28.65M | $485,427.8 | 93.62M | Trade | ||
| $0.0003330 | +0.42% | +29.66% | $148,517.47 | $2 | 446.01M | ||||
 Basis CashBAC | $0.001515 | -0.77% | -12.72% | $82,682.84 | $0 | 54.58M | |||
| $0.005451 | +0.85% | +12.27% | $0 | $569,038.44 | 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.