Seems like they launched a centralized hedging service for BTC:
https://blog.coinjar.com/2015/02/10/introducing-hedged-accounts/
I’m not saying that they are a direct competitor, but their service fulfils a similar need.
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it looks similar to bitreserve.
i don t think they have a token transferrable over a block chain pegged to a FIAT currency.
it seems that there are so far 3 approaches possible to establish a pegged token over a blockchain.
- 100% fiat reserve backed like tether
- 100% asset backed like bitusd
- 0% reserve (whatsoever) backed like nubit
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