# jFIATs

### Floating exchange rate 

Floating exchange rate jFIATs are stablecoins tracking the price of currencies that are freely traded. These jFIATS are over-collateralized with approved collaterals.

> **Example**
>
> The Euro (EUR) or the Canadian Dollar (CAD).

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### Fixed exchange rate 

Fixed exchange rate jFIATs are stablecoins tracking the price of currencies pegged to another one. These jFIATs are collateralized with the jFIATs tracking the price of the currency they are pegged to. 

> **Example**
>
> The Franc CFA (XAF and XOF) or the Bulgarian Lev (BGN) are pegged to the EUR.