Seigniorage
Market Cap
$360.29M
24h Change
+0.42%
24h Volume
$5.74M
Coins
7
In the case of algorithmic stablecoins, seigniorage is generated when the stablecoin's value rises above its peg (e.g., $1). The protocol can then mint new tokens and sell them on the open market, generating revenue. This revenue is used to maintain the stablecoin's peg to its target value. If the stablecoin's value falls below its peg, the protocol can buy back tokens, reducing the supply and helping to restore the peg.
Coins in Seigniorage
NameGraph
164
Legacy Frax Dollarfrax
$0.993466
-0.03%
-0.01%
+0.44%
275.85M frax
$547.15K
$274.13M
544
Frax (prev. FXS)frax
$0.470599
+0.18%
-4.28%
-2.09%
95.49M frax
$1.17M
$44.96M
613
TerraClassicUSDustc
$0.006744
+0.53%
-6.51%
-5.42%
5.58B ustc
$3.10M
$37.62M
5426
Basis Cashbac
$0.002656
-5.20%
-4.76%
+2.73%
54.58M bac
$260.02
$144.97K
9999
Wrapped USTCustc
$0.007433
-1.30%
-13.11%
-9.17%
88.94M ustc
$794.48
$661.13K
9999
bDollarbdo
$0.001145
+0.13%
-1.04%
+1.13%
0 bdo
$89.84
$0.00
9999
Beanbean
$0.252806
-
-
0.00%
0 bean
$5.62K
$0.00