Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $260.84M and an average price change of -4.80%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9902 | -0.04% | -0.07% | $217.02M | $246,978.61 | 219.17M | ||||
 Frax (prev. FXS)FRAX | $0.2097 | -2.82% | -9.87% | $24.10M | $511,021.06 | 114.93M | Trade | ||
 TerraClassicUSDUSTC | $0.004037 | -2.03% | -7.72% | $22.50M | $691,968.15 | 5.57B | Trade | ||
| $0.0002361 | -9.62% | -21.82% | $105,287.37 | $0.96 | 446.01M | ||||
 Basis CashBAC | $0.0008794 | -- | -7.43% | $47,992.5 | $0 | 54.58M | |||
| $0.003984 | -2.54% | -8.72% | $0 | $191,013.73 | 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.