CoinJar hedged accounts

Seems like they launched a centralized hedging service for BTC:

I’m not saying that they are a direct competitor, but their service fulfils a similar need.

1 Like

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