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Stablecoin information
Parallel's Dollar stablecoin (USDp) is a USD stablecoin supported by a robust Price Stability Module. USDp is over-collateralized, decentralized, transparent, generates yield, and offers competitive pricing for on-chain USD
Category:crypto-backed
Minting and Redemption
Anyone can mint USDp by depositing an accepted reserve asset into the Parallelizer on Ethereum, Base, Avalanche or HyperEVM (0% mint fee today), and burn it for one reserve asset, or redeem it at any time for a proportional share of the whole reserve basket.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.11% | -0.08% | -3.10% | 418,131.38 | ||
| 0.00% | +0.00% | -4.06% | +58.30% | 316,254.39 | ||
| 0.00% | -0.00% | +0.15% | -1.74% | 94,203.77 | ||
| 0.00% | +0.75% | +31.58% | +11.38% | 14,283.07 | ||
| 0.00% | +0.02% | +0.02% | +0.02% | 2,357.44 | ||
| 0.00% | +39.00% | +39.00% | +39.00% | 1.39 | ||
| 0.00% | -1.00% | -1.00% | -1.00% | 0.99 | ||
| 0.00% | -1.00% | -1.00% | -1.00% | 0.99 | ||
| 0.00% | -12.00% | -12.00% | -12.00% | 0.88 | ||
| 0.00% | -22.00% | -22.00% | -22.00% | 0.78 | ||
| 0.00% | -32.00% | -32.00% | -32.00% | 0.68 | ||
| 0.00% | -42.00% | -42.00% | -42.00% | 0.58 | ||
| 0.00% | -43.00% | -43.00% | -43.00% | 0.57 | ||
| 0.00% | 0.28 | |||||
| 0.00% | 0.27 | |||||
| 0.00% | 0.19 | |||||
| 0.00% | 0.16 | |||||
| 0.00% | 0.11 | |||||
| 0.00% | 0.061 | |||||
| 0.00% | 0.06 | |||||
| 0.00% | 0.051 | |||||
| 0 | ||||||
| 0 |
