Parrot USD(PAI)
Market Cap$4.22m
Price-
Total Circulating4.22m
Stablecoin Information
PAI is an over-collateralized stablecoin created by the Parrot Protocol on Solana.
Category:crypto-backed
Minting and RedemptionUsing the Parrot app, users mint PAI by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back PAI is burned.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | < 0.0001% | < 0.0001% | 4.22m |