Capital-efficient, over-collateralized & decentralized stablecoins. Backed by yield-generating correlated assets | $USDp & $sUSDp | Governance Token: $PRL

Joined June 2022
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We’re proud to announce that Parallel V3 is live, starting with USDp! What’s new? A lot! - A modular architecture for stablecoins issuance - Depeg protection - Native saving assets - Crosschain by design - and more. blog.parallel.best/parallel-…
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Our frxUSD/USDp pool in partnership with @fraxfinance on @CurveFinance (HyperEVM) just hit $1M in TVL 🏆 Highest TVL pool on Curve HyperEVM @HyperliquidX 🔥 Incentives via @merkl_xyz LP link 👇
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The May 2026 DAO Treasury Report is out, powered by @OctavFi Total Holdings: $507,016.00 MoM Change: -$169,105.00 (-25.01%) More details ⤵️
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21st @cooper_labs Service Provider report is out: → Parallel v3.2 second audit completed, sUSDp fix audit underway → Transparency Dashboard v2 is live → PGP-40 PRL Burn Phase II approved & implemented; PIP-68 & PIP-69 published → Started Parallel Bank project Read the full report ⤵️
Here comes our twenty-first @ParallelMoney report, May 2026: - Parallel v3.2 second audit completed, sUSDp fix audit underway - Transparency Dashboard v2 is live - PGP-40 PRL Burn Phase II approved & implemented; PIP-68 & PIP-69 published - Started Parallel Bank project
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The Thirteenth Fee-Sharing distribution to sPRL holders is now available for claim. - Distributed Amount: 4,296 PAR ($5,007) - sPRL holders: 59 - APR: 24% - 60% To claim ⤵️
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sPRL2 v1 staking is now disabled ahead of the sPRL2 v2 launch. If you're already staked, you keep your voting power & fee sharing and can unstake at any time. Note: Fee sharing (PAR distributions) is paused for 3 months per PGP-42 (link below) and redirected to PRL buyback and burn.
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New pool live: frxUSD/USDp on @CurveFinance (HyperEVM), in partnership with @fraxfinance ¤ Current APR: 15% 📈 Incentives live via @merkl_xyz LP link below 👇
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