Trump says he'll order the Treasury Department to halt penny production to save money. Costly nickels, however, could cancel out savings.
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 ...
Indeed, the penny has what is known as "negative seigniorage," meaning it is worth less than what it costs to produce: 3.69 cents in 2024, according to the U.S. Mint. The U.S. Mint — a bureau of the ...
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