Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $364.08M and an average price change of +1.02%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9931 | +0.06% | +0.07% | $274.04M | $201,110.55 | 275.94M | ||||
 Frax (prev. FXS)FRAX | $0.6246 | +0.65% | -1.53% | $59.55M | $791,720.96 | 95.34M | Trade | ||
 TerraClassicUSDUSTC | $0.005097 | +3.75% | +3.96% | $28.44M | $2.02M | 5.58B | Trade | ||
 Basis CashBAC | $0.002453 | -0.06% | +15.69% | $133,873.2 | $11,626.04 | 54.58M | |||
| $0.0002562 | +9.12% | +0.65% | $114,250.57 | $1.49 | 446.01M | ||||
| $0.005078 | +2.88% | +3.60% | $0 | $270,396.56 | 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.