> For the complete documentation index, see [llms.txt](https://about.jojo.exchange/jojo-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://about.jojo.exchange/jojo-1/v1-product-guides/faqs/what-collateral-does-jojo-accept.md).

# 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.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://about.jojo.exchange/jojo-1/v1-product-guides/faqs/what-collateral-does-jojo-accept.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.