CryptoCurrencies
18480
Exchanges
500
Total Market Cap
4,030,600,162,008
Volume 24h
158,717,506,072
Dominance
BTC 53.62%   ETH 13.01%   USDT 4.16%   XRP 4.13%

Parabol USD
PARAUSD

1.002
$
0.14 %
Change 24h
Market Cap
$ 255,638
Volume 24h
$ 100.18
Circulating Supply
255,141
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.