jFIAT
jFIATs are synthetic stablecoins tracking the price of real-world currencies.
For example, jEUR tracks the price of Euro (EUR) against the US dollar (USD). More generally, jXYZ tracks the price of XYZ against the USD.
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Floating exchange rate

Floating exchange rate jFIATs are stablecoins tracking the price of currencies that are freely traded like the Euro (EUR) or the Canadian Dollar (CAD).
These jFIATS are over-collateralized with USDC, the current only supported collateral.
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Fixed exchange rate

Fixed rate jFIATs are stablecoins tracking the price of currencies pegged to another one like the Franc CFA (XAF and XOF) or the Bulgarian Lev (BGN) which are both pegged to the EUR.
These jFIATs are collateralized with the jFIATs tracking the price of the currency they are pegged to. For example, each jXAF is collateralized by 0.0015 jEUR.
Fixed exchange rate jFIATs inherit from all the features of their underlying jFIAT.