# Synthetic stablecoins

Synthetic stablecoins track the price of real-world currencies (fiat) but are not collateralized with the fiat they track the price of.&#x20;

> **Example**
>
> jEUR tracks the price of the Euro quoted in another asset (USD, ETH, etc.). More generally, j*XYZ* tracks the price of *XYZ* against another asset.

Jarvis stablecoins are called jFIATs.&#x20;