¥ 0.0003259
5 months ago
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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.
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