Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $402.32M and an average price change of +0.44%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9935 | +0.13% | -0.02% | $274.35M | $4.02M | 276.16M | ||||
 Frax (prev. FXS)FRAX | $0.8320 | +6.19% | +5.48% | $73.76M | $3.44M | 88.66M | Trade | ||
 TerraClassicUSDUSTC | $0.006993 | -2.96% | +2.68% | $39.04M | $3.84M | 5.58B | Trade | ||
| $0.0003896 | -0.71% | -7.57% | $173,770.26 | $1.91 | 446.01M | ||||
 Basis CashBAC | $0.001745 | +0.22% | -2.98% | $95,233.2 | $11,720.8 | 54.58M | |||
 Seigniorage SharesSHARE | $0.003067 | +94.26% | +385.82% | $34,671.9 | $24,207.43 | 11.30M | |||
| $0.007158 | -0.91% | +6.09% | $0 | $610,797.42 | 0.00 | ||||
 One CashONC | $0.02516 | +0.14% | +5.55% | $0 | $12,508.03 | 0.00 | |||
| $0.1959 | +59.20% | +279.44% | $0 | $21,461.83 | 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.