Stablecoin Information
paUSD is a USD stablecoin backed by collaterals, and can only be minted with governance-approved collaterals. paUSD are created when users deposit accepted tokens (such as WETH, WBTC, USDC, etc) as collateral in vaults and in turn receive a loan against that collateral
Category:crypto-backed
Minting and Redemption
Tokens are minted by creating a vault on Parallel
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.00% | +3.52% | +3.52% | 21,524.64 | ||
| 0.00% | +0.18% | +0.18% | +0.18% | 120.21 |