Top Seigniorage Coins by Market Cap
The Seigniorage category has a total market cap of $274.15M, down 0.37% in the last 24 hours, with $2.69M traded. 0 coins listed.
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About Seigniorage
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.