Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $269.71M and an average price change of -4.98%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9920 | -0.13% | -0.00% | $217.56M | $255,989.08 | 219.31M | ||||
 TerraClassicUSDUSTC | $0.004881 | -2.46% | -9.73% | $27.21M | $2.62M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2629 | -7.66% | -25.61% | $24.62M | $565,480.49 | 93.63M | Trade | ||
| $0.0003268 | -0.25% | +28.89% | $145,735.46 | $1.83 | 446.01M | ||||
 Basis CashBAC | $0.0009642 | -- | -2.45% | $52,622.37 | $0 | 54.58M | |||
| $0.004934 | -1.73% | -8.54% | $0 | $327,385.06 | 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.