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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $541.33M and an average price change of -1.95%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9969 | -0.10% | -0.14% | $295.54M | $9.77M | 296.46M | ||||
 Frax (prev. FXS)FRAX | $2.15 | -11.30% | -23.13% | $194.16M | $28.27M | 90.14M | Trade | ||
 TerraClassicUSDUSTC | $0.01087 | -3.82% | -16.83% | $60.77M | $7.28M | 5.59B | Trade | ||
| $0.0004199 | -0.12% | -0.12% | $187,301.73 | $2.93 | 446.01M | ||||
 Seigniorage SharesSHARE | $0.005135 | -10.36% | -20.49% | $107,843.42 | $14,958.23 | 21.00M | |||
 Basis CashBAC | $0.001831 | +0.07% | +0.74% | $99,922.69 | $16,264.01 | 54.58M | |||
 TombTOMB | $0.002263 | -- | -18.41% | $0 | $0 | 0.00 | |||
| $0.01090 | -2.75% | -15.81% | $0 | $523,225.54 | 0.00 | ||||
 One CashONC | $0.04543 | -5.58% | -15.43% | $0 | $18,357.33 | 0.00 | |||
| $0.1093 | -0.74% | -5.27% | $0 | $17,372.52 | 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.