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Top Seigniorage tokens by market capitalization
Seigniorage contains 10 coins with a total market capitalization of $567.04M and an average price change of -2.02%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9988 | -0.08% | -0.04% | $314.01M | $1.44M | 314.40M | ||||
 Frax (prev. FXS)FRAX | $2.12 | -8.82% | -9.03% | $192.85M | $12.32M | 90.89M | Trade | ||
 TerraClassicUSDUSTC | $0.01214 | +0.33% | +0.99% | $67.90M | $4.51M | 5.59B | Trade | ||
| $0.0004207 | -0.04% | +0.33% | $187,648.28 | $2.68 | 446.01M | ||||
 Basis CashBAC | $0.001927 | +1.67% | -2.78% | $105,148.02 | $60,628.54 | 54.58M | |||
 Seigniorage SharesSHARE | $0.004277 | +1.63% | -7.69% | $89,821.99 | $57,417.23 | 21.00M | |||
 TombTOMB | $0.002579 | -5.79% | -1.19% | $0 | $0 | 0.00 | |||
 One CashONC | $0.06424 | +2.67% | -2.14% | $0 | $52,142.59 | 0.00 | |||
| $0.01193 | -1.69% | -0.60% | $0 | $793,676.28 | 0.00 | ||||
| $0.1234 | -2.81% | -11.39% | $0 | $57,674.78 | 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.