Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $340.50M and an average price change of -2.56%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9915 | +0.14% | -0.01% | $273.51M | $4.06M | 275.85M | ||||
 TerraClassicUSDUSTC | $0.006189 | -0.72% | -5.65% | $34.51M | $2.34M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.3459 | -11.84% | -13.38% | $33.04M | $1.23M | 95.52M | Trade | ||
 Basis CashBAC | $0.002676 | -1.54% | +2.00% | $146,054.29 | $1,361.17 | 54.58M | |||
| $0.0002944 | -2.94% | -9.45% | $131,305.04 | $1.4 | 446.01M | ||||
| $0.006185 | -2.01% | -3.67% | $0 | $294,270.61 | 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.