Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $370.19M and an average price change of -1.02%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9920 | +0.03% | -0.01% | $278.01M | $75,655.23 | 280.26M | ||||
 Frax (prev. FXS)FRAX | $0.6289 | -3.54% | -8.92% | $55.33M | $3.10M | 87.98M | Trade | ||
 TerraClassicUSDUSTC | $0.006454 | -7.10% | -2.02% | $36.03M | $9.75M | 5.58B | Trade | ||
| $0.0004210 | +0.05% | -0.17% | $187,778.78 | $1.9 | 446.01M | ||||
 Basis CashBAC | $0.001625 | -0.38% | -3.01% | $88,673.04 | $11,915.13 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0006315 | -11.81% | -34.33% | $7,138.98 | $11,757.36 | 11.30M | |||
 One CashONC | $0.02463 | -0.81% | +5.72% | $0 | $11,870.15 | 0.00 | |||
| $0.006479 | -1.26% | -2.12% | $0 | $823,320.2 | 0.00 | ||||
| $0.05452 | -5.65% | -9.68% | $0 | $1,774.52 | 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.