Seigniorage
Market Cap
$360.29M
24h Change
+0.42%
24h Volume
$5.74M
Coins
6
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
143
Legacy Frax Dollarfrax
$0.991087
-0.00%
+0.08%
+0.02%
239.57M frax
$308.69K
$237.42M
619
TerraClassicUSDustc
$0.005524
+0.64%
-0.07%
-6.23%
5.58B ustc
$952.88K
$30.80M
756
Frax (prev. FXS)frax
$0.237851
+0.83%
-1.96%
-11.10%
93.60M frax
$565.19K
$22.25M
4945
Basis Cashbac
$0.002914
-0.28%
+8.68%
-3.52%
54.58M bac
$6.31K
$159.02K
9999
Wrapped USTCustc
$0.00682
+0.25%
-16.36%
-23.37%
88.94M ustc
$514.51
$606.16K
9999
bDollarbdo
$0.001048
+0.38%
+0.05%
-2.01%
0 bdo
$78.73
$0.00