Synthetic stablecoins

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

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.

Jarvis stablecoins are called jFIATs.