Top Seigniorage by market capitalization
Seigniorage contain 9 coins with a total market capitalization of $373.79M and an average price change of -0.18%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9932 | +0.01% | +0.16% | $278.36M | $1.07M | 280.26M | ||||
 Frax (prev. FXS)FRAX | $0.6273 | -2.91% | +0.84% | $55.33M | $8.66M | 88.20M | Trade | ||
 TerraClassicUSDUSTC | $0.007333 | +5.16% | +19.47% | $40.94M | $11.69M | 5.58B | Trade | ||
| $0.0003850 | -0.48% | -8.66% | $171,728.7 | $1.89 | 446.01M | ||||
 Basis CashBAC | $0.001719 | -0.85% | +4.24% | $93,811.76 | $12,607.79 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0006436 | -0.66% | -32.35% | $7,275.14 | $975.89 | 11.30M | |||
| $0.007152 | +1.93% | +14.06% | $0 | $1.28M | 0.00 | ||||
 One CashONC | $0.02399 | -2.75% | +0.10% | $0 | $11,503.22 | 0.00 | |||
| $0.05156 | -7.28% | -5.44% | $0 | $12.01 | 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.