Equity Overview
Price & Market Data
Price: $0.00176
Daily Change: +$0.0₃292 / 16.58%
Range: $0.00147 - $0.00176
Market Cap: $1,749,186
Volume: 0
Details
The Parallel Protocol is a decentralized stablecoin issuance protocol on the Ethereum blockchain. Parallel stablecoins are decentralized, non-custodial, collateral-backed, and fully redeemable synthetic assets pegged to a fiat currency. Parallel stablecoins are kept stable by collateral locked in smart contract Vaults. At launch, the Parallel Protocol offers a single stablecoin called PAR which is pegged to the Euro. Over time, the Parallel Protocol will progressively decentralize itself, handing over control to a diverse community of people holding the MIMO governance token.Telegram | Medium