Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $270.37M and an average price change of +1.76%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9931 | +0.37% | +0.06% | $217.79M | $72,805.64 | 219.31M | ||||
 TerraClassicUSDUSTC | $0.005047 | +3.52% | -2.91% | $28.14M | $1.23M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2616 | +1.29% | -18.95% | $24.50M | $373,106.33 | 93.63M | Trade | ||
| $0.0002534 | +0.07% | -0.00% | $113,027.58 | $1.45 | 446.01M | ||||
 Basis CashBAC | $0.0009591 | -0.54% | -1.23% | $52,340.75 | $0 | 54.58M | |||
| $0.005028 | +3.17% | -3.28% | $0 | $204,638.46 | 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.