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Top Seigniorage tokens by market capitalization
Seigniorage contains 7 coins with a total market capitalization of $393.13M and an average price change of +0.45%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9931 | -0.09% | -0.10% | $281.51M | $244,219.22 | 283.48M | ||||
 Frax (prev. FXS)FRAX | $0.8697 | +2.52% | -0.40% | $76.59M | $6.76M | 88.07M | Trade | ||
 TerraClassicUSDUSTC | $0.006047 | +0.05% | -6.02% | $33.78M | $1.82M | 5.59B | Trade | ||
 Basis CashBAC | $0.002024 | -0.96% | +9.49% | $110,439 | $12,110.89 | 54.58M | |||
 Seigniorage SharesSHARE | $0.003959 | +1.62% | +13.20% | $83,148.84 | $12,016.49 | 21.00M | |||
| $0.006059 | -0.09% | -6.13% | $0 | $183,887.4 | 0.00 | ||||
| $0.1089 | -1.03% | -1.23% | $0 | $11,977.54 | 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.