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As of Nov 12, 2026, Parallel USD (PAUSD) has a market cap of $5,665 across 2 chains, most of it on Ethereum ($5,545).
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:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.00% | -74.37% | -75.08% | 5,545.26 | ||
| 0.00% | +0.18% | +0.18% | +0.18% | 120.21 |
