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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $450.52M and an average price change of +0.08%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9955 | +0.02% | -0.10% | $289.49M | $232,794.68 | 290.81M | ||||
 Frax (prev. FXS)FRAX | $1.28 | -0.36% | -9.99% | $114.60M | $5.59M | 89.51M | Trade | ||
 TerraClassicUSDUSTC | $0.007888 | +1.44% | -3.55% | $44.07M | $2.65M | 5.59B | Trade | ||
| $0.0004201 | -0.17% | -0.15% | $187,364.33 | $2.74 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.004928 | +4.68% | +4.15% | $103,479.7 | $10,482 | 21.00M | |||
 Basis CashBAC | $0.001643 | -0.01% | -2.89% | $89,679.34 | $9,984.33 | 54.58M | |||
| $0.007881 | +0.84% | -3.66% | $0 | $239,776.81 | 0.00 | ||||
 One CashONC | $0.05874 | +0.58% | +2.63% | $0 | $10,071.42 | 0.00 | |||
| $0.1082 | -0.31% | +0.50% | $0 | $10,017.88 | 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.