Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $264.60M and an average price change of -2.22%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9898 | -0.08% | -0.14% | $216.95M | $43,560.48 | 219.17M | ||||
 TerraClassicUSDUSTC | $0.004445 | -3.49% | -11.25% | $24.78M | $514,313.83 | 5.57B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2415 | -4.22% | -8.37% | $22.59M | $332,334.85 | 93.57M | Trade | ||
| $0.0003046 | +19.95% | -2.89% | $135,844.14 | $1.58 | 446.01M | ||||
 Basis CashBAC | $0.0009451 | +0.20% | -2.65% | $51,578.04 | $0 | 54.58M | |||
| $0.004464 | -4.41% | -10.45% | $0 | $169,620.72 | 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.