Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $274.93M and an average price change of -0.09%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9884 | -0.01% | -0.30% | $236.79M | $41,250.78 | 239.57M | ||||
 TerraClassicUSDUSTC | $0.005208 | -2.19% | -7.80% | $29.04M | $791,879.97 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2679 | +0.29% | +3.23% | $25.08M | $362,056.36 | 93.62M | Trade | ||
 Basis CashBAC | $0.002536 | -4.66% | -5.98% | $138,381.53 | $0 | 54.58M | |||
| $0.0002643 | -1.47% | -1.12% | $117,875.25 | $1.25 | 446.01M | ||||
| $0.005204 | -2.02% | -4.88% | $0 | $175,390.94 | 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.