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As of Nov 12, 2026, Parallel (PAR) has a market cap of $1.21m across 3 chains, most of it on Ethereum ($866,930).
Stablecoin information
The PAR token is a price-stable token pegged to the Euro. Users generate PAR by depositing collateral assets into MIMO vaults within the MIMO protocol.
Category:crypto-backed
Minting and Redemption
Using the MIMO app, users mint PAR by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back PAR is burned.
Audits:No
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | -0.44% | +0.40% | 866,930.15 | ||
| 100% | >-0.0001% | >-0.0001% | +0.07% | 150,205.93 | ||
| 100% | +0.00% | +0.00% | +0.00% | 71,765.12 |
