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Parallel USD
PAUSD

1.006
$
0.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 353.07
PAUSD
$

Description

paUSD is a USD stablecoin backed by collaterals, and can only be minted with governance-approved collaterals. paUSD are created when users deposit accepted tokens (such as WETH, WBTC, USDC, etc) as collateral in vaults and in turn receive a loan against that collateral.