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Seigniorage

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Market Cap0.8%
$362.82 Millions

24h Volume
$5.61 Millions

Market Dominance
FRAX 75.37%FRAX 16.58%USTC 7.68%

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.

Last 7 Days
136
Legacy Frax Dollar logo
Legacy Frax Dollar
FRAX
$0.99163
-0.08%
-0.08%
+0.26%
$273.45M$1.57M
396
Frax (prev. FXS) logo
Frax (prev. FXS)
FRAX
$0.63173
-0.52%
+1.84%
+4.17%
$60.14M$2.53M
663
TerraClassicUSD logo
TerraClassicUSD
USTC
$0.00500051267
+0.40%
+1.19%
-1.15%
$27.86M$1.49M
2809
Pinto logo
Pinto
PINTO
$0.11390848641--
+2.60%
$1.21M$0.00
--
Wrapped USTC logo
Wrapped USTC
USTC
$0.00742131259
+20.77%
+25.67%
+13.80%
$660083.82$147.60
5522
Basis Cash logo
Basis Cash
BAC
$0.00214532308
-0.03%
-6.47%
+11.39%
$116966.75$10587.22
9932
One Cash logo
One Cash
ONC
$0.00602408175--
+12.45%
$9228.61$20.71
--
bDollar logo
bDollar
BDO
$0.00109093581
-0.22%
+1.10%
+1.38%
$0.00$98.24
--
Bean logo
Bean
BEAN
$0.22641
-0.14%
+0.89%
+0.87%
$0.00$2032.29
--
Iron logo
Iron
IRON
$0.00007729005--
+2.60%
$0.00$2.90
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