# What collateral does JOJO accept?

There are two types of collaterals in JOJO: **USDC and JUSD**

USDC is a US dollar hard-pegged stablecoin, issued by [Circle](https://www.circle.com/en/usdc) and [Coinbase](https://www.coinbase.com/usdc), while JUSD is a stablecoin developed by JOJO system to support multi-collateralization. This features allows users to use other non-stable coin assets (BTC, ETH, etc.) as margin for trading. JUSD works like DAI and users can mint JUSD by staking other ERC20 tokens as collateral. Both can be used as collateral for loans on JOJO.

JOJO is a USDⓈ-Margined Futures trading platform where all trades are settled in USDC. USDC is used as collateral for opening positions. For example, a user's initial margin is the minimum amount of collateral required to open a position on JOJO.


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