Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $372.24M and an average price change of +1.70%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9926 | +0.05% | +0.09% | $278.20M | $1.07M | 280.26M | ||||
 Frax (prev. FXS)FRAX | $0.6372 | +0.18% | -9.13% | $56.06M | $3.51M | 87.98M | Trade | ||
 TerraClassicUSDUSTC | $0.006713 | +3.68% | +0.86% | $37.48M | $7.52M | 5.58B | Trade | ||
| $0.0004208 | -0.17% | +0.08% | $187,690.99 | $1.99 | 446.01M | ||||
 Basis CashBAC | $0.001685 | +3.71% | +0.68% | $91,974.25 | $11,999.48 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0006928 | -1.91% | -32.63% | $7,831.43 | $12,562.23 | 11.30M | |||
 One CashONC | $0.02468 | +0.21% | +3.69% | $0 | $11,539.57 | 0.00 | |||
| $0.05457 | +0.09% | -0.24% | $0 | $132.33 | 0.00 | ||||
| $0.007204 | +10.33% | +8.11% | $0 | $1.04M | 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.