Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $348.94M and an average price change of +0.35%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9913 | -0.09% | -0.12% | $273.44M | $428,676.97 | 275.85M | ||||
 Frax (prev. FXS)FRAX | $0.3974 | +0.03% | -5.80% | $37.96M | $367,516.23 | 95.51M | Trade | ||
 TerraClassicUSDUSTC | $0.006755 | +2.81% | +8.95% | $37.67M | $1.88M | 5.58B | Trade | ||
| $0.0003204 | +0.34% | -3.13% | $142,917.52 | $1.53 | 446.01M | ||||
 Basis CashBAC | $0.002607 | -0.16% | +1.38% | $142,296.3 | $268.69 | 54.58M | |||
| $0.006691 | +0.79% | +7.98% | $0 | $185,732 | 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.