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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $599.52M and an average price change of -4.54%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9989 | +0.04% | -0.00% | $296.62M | $861,573.92 | 296.93M | ||||
 Frax (prev. FXS)FRAX | $2.55 | -9.28% | -8.14% | $227.31M | $10.43M | 89.21M | Trade | ||
 TerraClassicUSDUSTC | $0.01309 | -6.32% | -3.19% | $73.23M | $6.94M | 5.59B | Trade | ||
 Seigniorage SharesSHARE | $0.005997 | -5.18% | -1.39% | $125,943.87 | $21,130.9 | 21.00M | |||
 Basis CashBAC | $0.001803 | +0.04% | -0.32% | $98,413.99 | $11,905.63 | 54.58M | |||
 One CashONC | $0.05446 | -1.36% | -0.68% | $0 | $21,721.25 | 0.00 | |||
 TombTOMB | $0.002938 | -2.77% | +10.20% | $0 | $0 | 0.00 | |||
| $0.01358 | -3.46% | +2.10% | $0 | $1.15M | 0.00 | ||||
| $0.1064 | -3.76% | +1.14% | $0 | $19,988.03 | 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.