Parallel(PAR)
Market Cap$1.27m
Price$1.14
Total Circulating1.11m
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
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | +0.02% | +3.96% | 882,411 | ||
| Polygon PoS Bridge | 100% | 0% | -0.05% | -0.97% | 157,247 | |
| Multichain Bridge | 100% | 0% | 0% | 0% | 71,765 |