Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $407.14M and an average price change of +6.34%. 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.
See more
| Name | Price | 24h (%) | 7D (%) | Market cap | 24h volume | Supply | Last 24h | Action | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9935 | +0.02% | +0.00% | $274.36M | $2.08M | 276.16M | ||||
 Frax (prev. FXS)FRAX | $0.9815 | -12.39% | +24.67% | $90.37M | $19.49M | 92.08M | Trade | ||
 TerraClassicUSDUSTC | $0.006515 | +1.11% | -8.52% | $36.37M | $2.06M | 5.58B | Trade | ||
| $0.0003132 | +1.71% | -25.72% | $139,702.27 | $1.91 | 446.01M | ||||
 Basis CashBAC | $0.001838 | +5.87% | +5.34% | $100,324.51 | $13,465.02 | 54.58M | |||
 Seigniorage SharesSHARE | $0.001901 | -3.23% | +1.38% | $21,494.92 | $12,154.25 | 11.30M | |||
| $0.006451 | +0.22% | -12.25% | $0 | $338,579.99 | 0.00 | ||||
 One CashONC | $0.02428 | -2.64% | -15.16% | $0 | $12,320.86 | 0.00 | |||
| $0.1057 | -3.77% | -37.48% | $0 | $11,282.62 | 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.