Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $275.93M and an average price change of +0.07%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9928 | +0.05% | +0.17% | $220.23M | $48,139.44 | 221.82M | ||||
 TerraClassicUSDUSTC | $0.005331 | +2.60% | -1.81% | $29.72M | $855,325.11 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2766 | +1.88% | +4.36% | $25.89M | $496,342.13 | 93.62M | Trade | ||
 Basis CashBAC | $0.002464 | -2.82% | -7.84% | $134,476.08 | $0 | 54.58M | |||
| $0.0002669 | +1.07% | -0.32% | $119,023.67 | $1.28 | 446.01M | ||||
| $0.005339 | +2.91% | -1.88% | $0 | $185,771.64 | 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.