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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $392.00M and an average price change of -0.13%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9935 | -0.11% | +0.01% | $284.40M | $299,215.51 | 286.25M | ||||
 Frax (prev. FXS)FRAX | $0.8640 | -0.52% | -6.52% | $76.06M | $6.18M | 88.03M | Trade | ||
 TerraClassicUSDUSTC | $0.006002 | +1.75% | -8.73% | $33.53M | $2.81M | 5.59B | Trade | ||
| $0.0004207 | +0.11% | +0.08% | $187,650.22 | $2.04 | 446.01M | ||||
 Basis CashBAC | $0.002035 | +6.34% | +19.46% | $111,087.27 | $11,766.25 | 54.58M | |||
 Seigniorage SharesSHARE | $0.003986 | +1.96% | +4.45% | $83,711.68 | $10,853.09 | 21.00M | |||
| $0.005988 | +1.08% | -8.83% | $0 | $308,703.9 | 0.00 | ||||
 One CashONC | $0.05189 | +0.32% | +8.93% | $0 | $11,427.47 | 0.00 | |||
| $0.1118 | +4.74% | -0.11% | $0 | $11,508.61 | 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.