Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $268.34M and an average price change of -0.59%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9909 | +0.02% | -0.15% | $217.32M | $350,220.27 | 219.32M | ||||
 TerraClassicUSDUSTC | $0.004966 | +1.50% | -4.32% | $27.69M | $773,255.45 | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2589 | +0.39% | -3.88% | $24.23M | $340,309.16 | 93.61M | Trade | ||
 Basis CashBAC | $0.002222 | -0.59% | -12.36% | $121,272.53 | $0 | 54.58M | |||
| $0.0002572 | -1.38% | -2.36% | $114,724.97 | $1.23 | 446.01M | ||||
| $0.004942 | -0.15% | -5.51% | $0 | $254,052.51 | 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.