Top Seigniorage by market capitalization
Seigniorage contain 4 coins with a total market capitalization of $270.66M and an average price change of -0.24%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
 TerraClassicUSDUSTC | $0.004949 | -0.60% | +1.99% | $27.59M | $830,028.21 | 5.57B | Trade | ||
 Basis CashBAC | $0.002216 | -- | -1.01% | $120,923.47 | $0 | 54.58M | |||
| $0.0002624 | +1.12% | -1.27% | $117,031.09 | $1.26 | 446.01M | ||||
| $0.004969 | -1.07% | +1.98% | $0 | $286,623.11 | 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.