Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $388.02M and an average price change of -4.77%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9930 | +0.03% | +0.02% | $274.23M | $1.31M | 276.16M | ||||
 Frax (prev. FXS)FRAX | $0.7978 | -19.24% | -0.55% | $70.74M | $27.85M | 88.66M | Trade | ||
 TerraClassicUSDUSTC | $0.007104 | +0.96% | +2.93% | $39.66M | $3.09M | 5.58B | Trade | ||
| $0.0004226 | +8.81% | +0.32% | $188,476.19 | $2.01 | 446.01M | ||||
 Basis CashBAC | $0.001741 | -0.23% | -1.60% | $95,018.38 | $12,039.84 | 54.58M | |||
 Seigniorage SharesSHARE | $0.001894 | -31.36% | +236.40% | $21,410.95 | $11,614.41 | 11.30M | |||
| $0.007158 | -0.91% | +6.09% | $0 | $610,797.42 | 0.00 | ||||
 One CashONC | $0.02862 | +12.01% | +17.06% | $0 | $11,307.99 | 0.00 | |||
| $0.1690 | -24.86% | -28.66% | $0 | $20,922.04 | 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.