CryptoCurrencies
17040
Exchanges
500
Total Market Cap
3,420,753,460,389
Volume 24h
225,422,921,068
Dominance
BTC 60.20%   ETH 8.86%   USDT 4.47%   XRP 3.62%

Parabol USD
PARAUSD

1.002
$
0.00 %
Change 24h
Market Cap
$ 255,592
Volume 24h
$ 10.40
Circulating Supply
255,051
Total Supply
225,000
PARAUSD
$
# Exchange Pair Price Volume 24h

Description

paraUSD is a fiat-backed stablecoin built on the Parabol Protocol, offering a revolutionary approach to yield generation in the stablecoin ecosystem. The protocol enables savers to access risk-free yields as a baseline through its innovative Reserve Stability Pool (RSP). Users can lend their paraUSD for specific time periods (like 28-day notes), earning both fixed income based on T-Bill rates and additional floating income derived from overnight repo market performance. Treasury departments can optimize cash management while maintaining security, and developers can easily embed these institutional-grade yields into their applications through Parabol's comprehensive APIs and SDKs. All positions are represented as NFTs that can be transferred across markets.