jFIATs

jFIATs are synthetic stablecoins tracking the price of real-world currencies.
Example
jEUR tracks the price of the Euro quoted in another asset (USD, ETH, etc.). More generally, jXYZ tracks the price of XYZ against another asset.
Floating exchange rate 
Floating exchange rate jFIATs are stablecoins tracking the price of currencies that are freely traded. These jFIATS are over-collateralized with approved collaterals.
Example
The Euro (EUR) or the Canadian Dollar (CAD).
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Fixed exchange rate 
Fixed exchange rate jFIATs are stablecoins tracking the price of currencies pegged to another one. These jFIATs are collateralized with the jFIATs tracking the price of the currency they are pegged to. 
Example
The Franc CFA (XAF and XOF) or the Bulgarian Lev (BGN) are pegged to the EUR.
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Last modified 12d ago

jFIATs

Floating exchange rate

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Fixed exchange rate