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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $610.08M and an average price change of +1.57%. They are listed in size 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9986 | +0.02% | +0.04% | $296.46M | $453,938.48 | 296.86M | ||||
 Frax (prev. FXS)FRAX | $2.69 | -0.20% | -10.33% | $242.10M | $9.57M | 90.03M | Trade | ||
 TerraClassicUSDUSTC | $0.01301 | +0.86% | -3.75% | $72.76M | $4.32M | 5.59B | Trade | ||
| $0.0004208 | +0.01% | -0.04% | $187,701.6 | $3.4 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.006883 | +13.35% | +16.87% | $144,536.17 | $20,025.04 | 21.00M | |||
 Basis CashBAC | $0.001814 | -0.25% | -0.08% | $98,986.96 | $16,563.68 | 54.58M | |||
 One CashONC | $0.05069 | -1.49% | +0.61% | $0 | $18,068.08 | 0.00 | |||
 TombTOMB | $0.002688 | +1.96% | +1.30% | $0 | $0 | 0.00 | |||
| $0.01307 | +2.38% | -3.89% | $0 | $363,058.16 | 0.00 | ||||
| $0.1144 | +0.06% | +3.50% | $0 | $15.76 | 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.