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 ...
The government received a seigniorage fee of `1.25 crore from quarries functioning in Ramayanpatti and over `59.46 lakh as seigniorage fee from quarries at Poochampatti village in Vadipatti taluk.