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Parallel

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sUSDp is Live on Purrlend

sUSDp is now available as collateral on Purrlend on HyperEVM with borrowing incentives on USDC and USDT0.

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sUSDp is Live on Purrlend

sUSDp is now available as collateral on Purrlend on HyperEVM with borrowing incentives on USDC and USDT0.

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Parallel

Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating correlated assets.

Parallel

Scalable, over-collateralized & decentralized stablecoin protocol. Backed by yield generating correlated assets.

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sUSDp is live on HypurrFi

We’re excited to share that sUSDp is now live on HypurrFi. The sUSDp vault is deployed and connected to HypurrFi’s Yield Cluster, unlocking a clean path to deploy yield-bearing USDp on HyperEVM, and, if you choose, borrow against it and route liquidity into deeper markets. Curated with Clearstar. The strategy is curated by Clearstar, and price feeds for the setup are powered by RedStone. In parallel, no pun intended, the USDp/clearUSDC Balancer pool is live and incentivized via Merkl for the ...

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sUSDp is live on HypurrFi

We’re excited to share that sUSDp is now live on HypurrFi. The sUSDp vault is deployed and connected to HypurrFi’s Yield Cluster, unlocking a clean path to deploy yield-bearing USDp on HyperEVM, and, if you choose, borrow against it and route liquidity into deeper markets. Curated with Clearstar. The strategy is curated by Clearstar, and price feeds for the setup are powered by RedStone. In parallel, no pun intended, the USDp/clearUSDC Balancer pool is live and incentivized via Merkl for the ...

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Parallel x Clearstar: Curated Vaults & Clusters on HyperEVM

We’re partnering with Clearstar to make USDp strategies on HyperEVM easier to follow, repeat, and scale responsibly. Clearstar acts as a curation and risk partner: packaging Vaults and Clusters into clear, repeatable strategies, stress-testing assumptions (liquidity, borrow dynamics, oracle behavior), and helping turn “cool contracts” into something normal users can actually run without needing a PhD in DeFi.What this partnership unlocksCurated Vault and Cluster deployments for USDp / sUSDp o...

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Parallel x Clearstar: Curated Vaults & Clusters on HyperEVM

We’re partnering with Clearstar to make USDp strategies on HyperEVM easier to follow, repeat, and scale responsibly. Clearstar acts as a curation and risk partner: packaging Vaults and Clusters into clear, repeatable strategies, stress-testing assumptions (liquidity, borrow dynamics, oracle behavior), and helping turn “cool contracts” into something normal users can actually run without needing a PhD in DeFi.What this partnership unlocksCurated Vault and Cluster deployments for USDp / sUSDp o...

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RedStone Brings Onchain Pricing to USDp & sUSDp

This integration makes it easier for DeFi apps, especially lending markets, to support USDp and sUSDp with clearer, more robust pricing assumptions and safer risk parameters. For the full governance context, see the approved proposal.What’s includedParallel uses RedStone to publish the following price feeds:USDp / USDsUSDp / USDDeployed on:BaseHyperEVMSonicAvalancheWhy this mattersStablecoins are only as useful as the ecosystem that can safely integrate them. To list a stablecoin in lending m...

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RedStone Brings Onchain Pricing to USDp & sUSDp

This integration makes it easier for DeFi apps, especially lending markets, to support USDp and sUSDp with clearer, more robust pricing assumptions and safer risk parameters. For the full governance context, see the approved proposal.What’s includedParallel uses RedStone to publish the following price feeds:USDp / USDsUSDp / USDDeployed on:BaseHyperEVMSonicAvalancheWhy this mattersStablecoins are only as useful as the ecosystem that can safely integrate them. To list a stablecoin in lending m...

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Expanding Liquidity and Integration Depth with OpenOcean

We’re thrilled to announce a three-layer integration between Parallel and OpenOcean, strengthening both ecosystem connectivity and user experience across the Parallel dApp.1. Core Contract IntegrationOpenOcean has integrated Parallel’s smart contracts directly into its aggregator infrastructure — including both the Parallelizer Module for USDp mint/burn operations and the Savings Module for USDp stake/unstake functionality. This allows OpenOcean users to interact seamlessly with Parallel’s co...

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Expanding Liquidity and Integration Depth with OpenOcean

We’re thrilled to announce a three-layer integration between Parallel and OpenOcean, strengthening both ecosystem connectivity and user experience across the Parallel dApp.1. Core Contract IntegrationOpenOcean has integrated Parallel’s smart contracts directly into its aggregator infrastructure — including both the Parallelizer Module for USDp mint/burn operations and the Savings Module for USDp stake/unstake functionality. This allows OpenOcean users to interact seamlessly with Parallel’s co...

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DIA Oracles for Parallel Stablecoins

Parallel stablecoins are now supported by DIA’s trustless oracle infrastructure, bringing robust, onchain price feeds for USDp and sUSDp across Hyperevm, Sonic, Base, and Avalanche. The integration delivers two complementary pricing modes:Fundamental (redemption-based) feeds for protocols that want “fair value” tied to redeemability.Market-based feeds for protocols that want a price informed by market liquidity, then extended to sUSDp via the vault rate.This announcement covers what’s live, h...

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DIA Oracles for Parallel Stablecoins

Parallel stablecoins are now supported by DIA’s trustless oracle infrastructure, bringing robust, onchain price feeds for USDp and sUSDp across Hyperevm, Sonic, Base, and Avalanche. The integration delivers two complementary pricing modes:Fundamental (redemption-based) feeds for protocols that want “fair value” tied to redeemability.Market-based feeds for protocols that want a price informed by market liquidity, then extended to sUSDp via the vault rate.This announcement covers what’s live, h...

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Parallel Is Now Live on Avalanche

We’re excited to announce that Parallel V3 is now live on Avalanche, bringing USDp and sUSDp (staked USDp) to one of the fastest ecosystems in crypto. This deployment includes the Parallelizer (mint/redeem), Savings (stake/unstake), Bridging & Flashloan Modules on Avalanche, enabling native minting, redemption, and yield from day one. Launch partnersAt launch, Parallel is joined by a set of partners that deepen utility and liquidity across Avalanche: Silo, MEV Capital, Gami Capital, UpShift (...

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Parallel Is Now Live on Avalanche

We’re excited to announce that Parallel V3 is now live on Avalanche, bringing USDp and sUSDp (staked USDp) to one of the fastest ecosystems in crypto. This deployment includes the Parallelizer (mint/redeem), Savings (stake/unstake), Bridging & Flashloan Modules on Avalanche, enabling native minting, redemption, and yield from day one. Launch partnersAt launch, Parallel is joined by a set of partners that deepen utility and liquidity across Avalanche: Silo, MEV Capital, Gami Capital, UpShift (...

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How to Stake USDp into sUSDp?

Following the DAO’s approval of PIP-51, Parallel has launched USDp, the new USD stablecoin of Parallel V3, along with sUSDp (Savings USDp). The Parallel Savings Module enables Parallel stablecoin holders to earn a native yield based on the returns generated by the protocol on its assets backing the stablecoin.1. Why sUSDp?sUSDp is designed as a low-risk savings layer for the Parallel ecosystem. Instead of relying on external strategies, yield comes directly from the revenues generated by the ...

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How to Stake USDp into sUSDp?

Following the DAO’s approval of PIP-51, Parallel has launched USDp, the new USD stablecoin of Parallel V3, along with sUSDp (Savings USDp). The Parallel Savings Module enables Parallel stablecoin holders to earn a native yield based on the returns generated by the protocol on its assets backing the stablecoin.1. Why sUSDp?sUSDp is designed as a low-risk savings layer for the Parallel ecosystem. Instead of relying on external strategies, yield comes directly from the revenues generated by the ...

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How to Mint USDp?

Following the launch of Parallel V3 and the introduction of USDp, the new modular USD stablecoin of the protocol, users can now mint and burn USDp natively through the Parallelizer Module, the system’s decentralized minting engine. This guide walks through how the minting and burning mechanism works, what assets are accepted, and how the architecture ensures stability, transparency, and control by the DAO.1. What Is the Parallelizer?The Parallelizer Module is a Price Stability Module (PSM) th...

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How to Mint USDp?

Following the launch of Parallel V3 and the introduction of USDp, the new modular USD stablecoin of the protocol, users can now mint and burn USDp natively through the Parallelizer Module, the system’s decentralized minting engine. This guide walks through how the minting and burning mechanism works, what assets are accepted, and how the architecture ensures stability, transparency, and control by the DAO.1. What Is the Parallelizer?The Parallelizer Module is a Price Stability Module (PSM) th...

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Expanding Liquidity Across Chains with KyberSwap

We’re excited to announce a three-layer integration between Parallel and KyberSwap, enhancing liquidity access and interoperability for users across the Parallel ecosystem.1. Core Contract IntegrationKyberSwap has integrated Parallel’s smart contracts, including both the Parallelizer Module (USDp mint/burn) and the Savings Module (USDp stake/unstake), into its infrastructure. This integration enables seamless interaction with Parallel’s stablecoins directly within the KyberSwap ecosystem. Dev...

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Expanding Liquidity Across Chains with KyberSwap

We’re excited to announce a three-layer integration between Parallel and KyberSwap, enhancing liquidity access and interoperability for users across the Parallel ecosystem.1. Core Contract IntegrationKyberSwap has integrated Parallel’s smart contracts, including both the Parallelizer Module (USDp mint/burn) and the Savings Module (USDp stake/unstake), into its infrastructure. This integration enables seamless interaction with Parallel’s stablecoins directly within the KyberSwap ecosystem. Dev...

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Introducing sUSDp: The Native Savings Layer of Parallel V3

Following the DAO’s approval of PIP-51, the protocol has launched USDp, a decentralized USD stablecoin built on Parallel V3, alongside Savings USDp (sUSDp), its native and yield-bearing staked version. sUSDp introduces a stable, onchain savings primitive governed by the DAO. It is designed to provide sustainable and protocol-native yield without relying on third-party strategies or composability risks.1. Earning With sUSDpWith sUSDp, holders can earn real yield on their stablecoins by simply ...

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Introducing sUSDp: The Native Savings Layer of Parallel V3

Following the DAO’s approval of PIP-51, the protocol has launched USDp, a decentralized USD stablecoin built on Parallel V3, alongside Savings USDp (sUSDp), its native and yield-bearing staked version. sUSDp introduces a stable, onchain savings primitive governed by the DAO. It is designed to provide sustainable and protocol-native yield without relying on third-party strategies or composability risks.1. Earning With sUSDpWith sUSDp, holders can earn real yield on their stablecoins by simply ...

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USDp Is Live: The New USD Stablecoin of Parallel

Parallel officially launches USDp, its new decentralized USD stablecoin built on the Parallel V3 infrastructure, following the DAO’s approval of PIP-51. USDp is designed to be capital-efficient, scalable, and deeply integrated into a growing multi-chain DeFi ecosystem. It replaces paUSD as the protocol’s native USD stablecoin, introducing a more robust foundation for future development and integrations.1. Why USDp?USDp marks a fresh start for the protocol’s USD strategy, avoiding the scaling ...

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USDp Is Live: The New USD Stablecoin of Parallel

Parallel officially launches USDp, its new decentralized USD stablecoin built on the Parallel V3 infrastructure, following the DAO’s approval of PIP-51. USDp is designed to be capital-efficient, scalable, and deeply integrated into a growing multi-chain DeFi ecosystem. It replaces paUSD as the protocol’s native USD stablecoin, introducing a more robust foundation for future development and integrations.1. Why USDp?USDp marks a fresh start for the protocol’s USD strategy, avoiding the scaling ...

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GlueX Integration for USDp & sUSDp

We’re excited to announce a three-layer integration between Parallel and GlueX, unlocking MEV-protected routing and deeper liquidity for USDp, sUSDp, and PRL across multiple EVM ecosystems. Core Contract IntegrationGlueX has integrated Parallel’s smart contracts directly into its aggregation infrastructure, including:The Parallelizer Module for USDp mint/burn operationsThe Savings Module for USDp stake/unstake into sUSDpThis integration makes Parallel’s stablecoin primitives natively accessib...

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GlueX Integration for USDp & sUSDp

We’re excited to announce a three-layer integration between Parallel and GlueX, unlocking MEV-protected routing and deeper liquidity for USDp, sUSDp, and PRL across multiple EVM ecosystems. Core Contract IntegrationGlueX has integrated Parallel’s smart contracts directly into its aggregation infrastructure, including:The Parallelizer Module for USDp mint/burn operationsThe Savings Module for USDp stake/unstake into sUSDpThis integration makes Parallel’s stablecoin primitives natively accessib...

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