Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $360.76M and an average price change of -0.06%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9923 | +0.06% | +0.08% | $273.86M | $4.48M | 275.98M | ||||
 Frax (prev. FXS)FRAX | $0.5971 | +4.55% | -0.58% | $56.75M | $2.63M | 95.04M | Trade | ||
 TerraClassicUSDUSTC | $0.005107 | +4.55% | +8.31% | $28.50M | $1.87M | 5.58B | Trade | ||
| $0.0002540 | -0.39% | -0.11% | $113,276.68 | $1.35 | 446.01M | ||||
 Basis CashBAC | $0.001915 | +1.23% | +0.44% | $104,523.05 | $9,014.41 | 54.58M | |||
| $0.005125 | +3.83% | +7.99% | $0 | $328,200.09 | 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.