Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $270.79M and an average price change of +0.55%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9910 | +0.03% | -0.15% | $217.34M | $33,985.31 | 219.32M | ||||
 TerraClassicUSDUSTC | $0.004971 | +1.31% | -1.53% | $27.71M | $765,866.34 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2671 | +1.23% | +3.92% | $25.00M | $666,516.26 | 93.61M | Trade | ||
 Basis CashBAC | $0.002220 | -0.67% | -1.47% | $121,178.68 | $0 | 54.58M | |||
| $0.0002591 | +2.34% | -3.89% | $115,569.04 | $1.23 | 446.01M | ||||
| $0.004981 | +0.65% | -1.20% | $0 | $237,779.61 | 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.