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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $572.58M and an average price change of -0.11%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9976 | -0.08% | +0.05% | $295.52M | $2.47M | 296.21M | ||||
 Frax (prev. FXS)FRAX | $2.19 | -1.33% | +7.47% | $197.48M | $12.26M | 90.29M | Trade | ||
 TerraClassicUSDUSTC | $0.01135 | -2.24% | +0.38% | $63.45M | $3.66M | 5.59B | Trade | ||
| $0.0004209 | +0.04% | +0.22% | $187,725.2 | $3.27 | 446.01M | ||||
 Basis CashBAC | $0.001993 | +0.91% | +8.87% | $108,769.87 | $13,884.33 | 54.58M | |||
 Seigniorage SharesSHARE | $0.005216 | -1.35% | +5.28% | $109,540.4 | $26,540.33 | 21.00M | |||
 TombTOMB | $0.002593 | -- | +14.58% | $0 | $0 | 0.00 | |||
| $0.01143 | -0.73% | +1.80% | $0 | $290,827.59 | 0.00 | ||||
 One CashONC | $0.04993 | -1.65% | +8.75% | $0 | $14,284.49 | 0.00 | |||
| $0.1141 | -5.40% | +4.04% | $0 | $19,965.06 | 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.