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Top Seigniorage tokens by market capitalization
Seigniorage contains 9 coins with a total market capitalization of $374.81M and an average price change of -1.39%. 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 | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9934 | +0.15% | +0.10% | $278.52M | $186,753.63 | 280.35M | ||||
 Frax (prev. FXS)FRAX | $0.6778 | +4.80% | +2.28% | $59.57M | $6.68M | 87.89M | Trade | ||
 TerraClassicUSDUSTC | $0.006770 | -3.90% | -1.77% | $37.80M | $8.12M | 5.58B | Trade | ||
| $0.0004226 | +0.28% | +0.27% | $188,481.72 | $1.87 | 446.01M | ||||
 Basis CashBAC | $0.001703 | -0.24% | -3.65% | $92,942.79 | $12,179.12 | 54.58M | |||
 Seigniorage SharesSHARE | $0.0009333 | +1.37% | -34.31% | $10,550.15 | $10,275.58 | 11.30M | |||
| $0.006708 | -4.84% | -1.95% | $0 | $688,665.35 | 0.00 | ||||
 One CashONC | $0.02390 | -0.69% | +6.40% | $0 | $12,083.92 | 0.00 | |||
| $0.05902 | -0.01% | +9.61% | $0 | $12,113.53 | 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.