Use Cases

Concrete use cases of Parallel

Stablecoins

• Payments & Transfers: Users can send and receive money globally in a stable currency (USDp, etc.) without being exposed to crypto volatility.

• Trading & Liquidity: They can be used on decentralized exchanges (DEXs) as a stable trading pair or liquidity pool asset.

• Collateral in DeFi: Stablecoins can serve as collateral in lending protocols, derivatives platforms, or yield farming strategies.

• Multi-Currency Options: By supporting several fiat references (USD, EUR…), Parallel stablecoins open the door to diversified currency usage in DeFi.

Savings

• Passive Income: Users can hold Savings tokens (eg. sUSDp) to automatically earn interest without actively managing positions.

• Safe Yield Alternative: Provides a decentralized alternative to traditional savings accounts, especially attractive in countries with low bank interest rates.

• Integration in DeFi: Savings tokens can be used in DeFi protocols (as collateral, in pools, or strategies) while continuing to accrue yield.

• Long-Term Store of Value: They allow users to park funds safely over time, combining stability (via the peg) and growth (via yield).