Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $278.69M and an average price change of -1.19%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9917 | -0.14% | -0.09% | $217.49M | $187,861.67 | 219.31M | ||||
 TerraClassicUSDUSTC | $0.006117 | +1.29% | +14.89% | $34.08M | $2.34M | 5.57B | Trade | ||
 Frax (prev. FXS)FRAX | $0.3052 | -0.88% | +10.85% | $28.57M | $292,844.24 | 93.62M | Trade | ||
| $0.0002538 | +0.14% | -26.98% | $113,204.38 | $1.65 | 446.01M | ||||
 Basis CashBAC | $0.0009670 | -- | -2.62% | $52,775.35 | $0 | 54.58M | |||
| $0.006027 | -0.08% | +10.70% | $0 | $335,159.87 | 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.