Parallel USD (PAUSD) Metrics

Basic info
Source code
Asset type
Contract Address
Explorers
Market Cap
no data
All Time High
$1.044257 03 Feb 25 % to ATH (4.14%)
Volume (24h)
$0.00000000
Circulating Supply
no data

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Price Chart

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About Parallel USD

Parallel USD, with the ticker symbol PAUSD, is a stablecoin operating within the Mimo Capital ecosystem, as indicated by the website pausd.mimo.capital. Stablecoins are cryptocurrencies designed to maintain a stable value relative to a reference asset, typically a fiat currency like the US dollar. PAUSD aims to provide a stable and reliable digital currency for use within the Mimo Capital platform and potentially other decentralized finance DeFi applications. The primary goal of a stablecoin is to minimize price volatility, making it suitable for transactions, lending, and borrowing in the DeFi space. By pegging its value to the US dollar, PAUSD offers users a way to interact with the cryptocurrency market without being exposed to the significant price fluctuations often associated with other digital assets. PAUSD is likely backed by a reserve of assets, which could include fiat currency, other cryptocurrencies, or a combination of both. The transparency and security of these reserves are crucial for maintaining the stability of the stablecoin. Mimo Capital likely utilizes PAUSD within its platform for various purposes, such as facilitating trading, providing liquidity, and enabling users to earn interest on their holdings. Stablecoins like PAUSD play a vital role in the DeFi ecosystem by providing a stable medium of exchange and a store of value. This allows for more efficient and predictable transactions, as well as the development of sophisticated financial products and services. Users can typically acquire PAUSD by exchanging other cryptocurrencies or fiat currency through the Mimo Capital platform or other exchanges that support the stablecoin. The stability of PAUSD is monitored and maintained through various mechanisms, such as over-collateralization, arbitrage, and algorithmic adjustments. The long-term success of PAUSD will depend on its ability to maintain its peg to the US dollar, its adoption by users within the Mimo Capital ecosystem and beyond, and its compliance with relevant regulations. Understanding the specific mechanisms used to maintain PAUSD's stability and the composition of its reserves is essential for evaluating its reliability as a stablecoin. PAUSD holders may also benefit from potential integrations with other DeFi protocols, allowing them to earn yield or participate in other financial activities.

Parallel USD [PAUSD] is a token based on Ethereum, Polygon blockchain. The most actual price for one Parallel USD [PAUSD] is $0. Parallel USD is listed on 0 exchanges with a sum of 0 active markets. The 24h volume of [PAUSD] is $0, while the Parallel USD market cap is $0 which ranks it as 'no rank' of all cryptocurrencies. You can find more information about Parallel USD [PAUSD] on pausd.mimo.capital

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Parallel USD Basics

Website
WalletCoins Mobile App
Source code
Asset typeToken
Contract Address
Explorers (2)
Tags
  • Ethereum (ETH) Token (ERC-20) (12514)
  • Polygon (MATIC) Token (1424)

Frequently Asked Questions

Frequently Asked Questions

Get more info about Parallel USD Cryptocurrency
  • How to buy Parallel USD? How can I buy the Parallel USD coin? Parallel USD stock how to buy? How to get Parallel USD?

    To find out where you can buy currency Parallel USD see the list of available exchanges.

  • Where to trade Parallel USD?

    Click here to see the list of available exchanges for Parallel USD.

  • Parallel USD, with the ticker symbol PAUSD, is a stablecoin operating within the Mimo Capital ecosystem, as indicated by the website pausd.mimo.capital. Stablecoins are cryptocurrencies designed to maintain a stable value relative to a reference asset, typically a fiat currency like the US dollar. PAUSD aims to provide a stable and reliable digital currency for use within the Mimo Capital platform and potentially other decentralized finance DeFi applications. The primary goal of a stablecoin is to minimize price volatility, making it suitable for transactions, lending, and borrowing in the DeFi space. By pegging its value to the US dollar, PAUSD offers users a way to interact with the cryptocurrency market without being exposed to the significant price fluctuations often associated with other digital assets. PAUSD is likely backed by a reserve of assets, which could include fiat currency, other cryptocurrencies, or a combination of both. The transparency and security of these reserves are crucial for maintaining the stability of the stablecoin. Mimo Capital likely utilizes PAUSD within its platform for various purposes, such as facilitating trading, providing liquidity, and enabling users to earn interest on their holdings. Stablecoins like PAUSD play a vital role in the DeFi ecosystem by providing a stable medium of exchange and a store of value. This allows for more efficient and predictable transactions, as well as the development of sophisticated financial products and services. Users can typically acquire PAUSD by exchanging other cryptocurrencies or fiat currency through the Mimo Capital platform or other exchanges that support the stablecoin. The stability of PAUSD is monitored and maintained through various mechanisms, such as over-collateralization, arbitrage, and algorithmic adjustments. The long-term success of PAUSD will depend on its ability to maintain its peg to the US dollar, its adoption by users within the Mimo Capital ecosystem and beyond, and its compliance with relevant regulations. Understanding the specific mechanisms used to maintain PAUSD's stability and the composition of its reserves is essential for evaluating its reliability as a stablecoin. PAUSD holders may also benefit from potential integrations with other DeFi protocols, allowing them to earn yield or participate in other financial activities.

  • Parallel USD is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

  • What is the value of Parallel USD coin?

    1 Parallel USD is worth $0.00000000.

  • To get price and historical data for Parallel USD coin, use API ID: pausd-parallel-usd for endpoints at http://api.coinpaprika.com.

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