Parallel(PAR)
Market Cap$1.24m
Price$1.15
Total Circulating1.08m
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 RedemptionUsing 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 | +0.03% | +0.06% | +3.15% | 849,106 | ||
| Polygon PoS Bridge | 100% | -0.22% | -0.41% | +1.41% | 158,338 | |
| Multichain Bridge | 100% | 0% | 0% | 0% | 71,765 |