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
144
Legacy Frax Dollarfrax
$0.989327
-0.02%
+0.45%
-0.15%
239.57M frax
$1.33M
$237.18M
616
TerraClassicUSDustc
$0.005585
-0.54%
+1.41%
-4.54%
5.58B ustc
$2.10M
$31.14M
750
Frax (prev. FXS)frax
$0.241634
+0.26%
+2.06%
-7.04%
93.60M frax
$660.53K
$22.61M
5058
Basis Cashbac
$0.002679
+0.82%
-12.62%
-7.94%
54.58M bac
$5.47K
$146.23K
9999
Wrapped USTCustc
$0.008179
-0.19%
+13.73%
+12.61%
88.94M ustc
$371.58
$727.41K
9999
bDollarbdo
$0.001052
+0.31%
+0.28%
-1.72%
0 bdo
$106.77
$0.00