Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $267.00M 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9916 | +0.06% | +0.04% | $217.33M | $177,708.49 | 219.17M | ||||
 TerraClassicUSDUSTC | $0.004578 | +2.95% | -8.84% | $25.51M | $603,866.72 | 5.57B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2538 | +5.94% | +0.86% | $23.74M | $412,561.68 | 93.57M | Trade | ||
| $0.0003275 | +7.12% | +28.99% | $146,080.09 | $1.78 | 446.01M | ||||
 Basis CashBAC | $0.0009515 | +0.68% | -1.04% | $51,929.19 | $0 | 54.58M | |||
| $0.004608 | +5.44% | -8.08% | $0 | $205,685.74 | 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.