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# Parallel V2

:::warning
You're reading the legacy **v2** documentation. For current Parallel features, see [v3](/products/parallel-v3).
:::

Parallel V2 is a decentralized protocol that issues stablecoins, the € stablecoin ([PAR](https://docs.parallel.best/parallel-protocol/parallel-v2/par)) and the $ stablecoin ([paUSD](https://docs.parallel.best/parallel-protocol/parallel-v2/par-1)), on the Ethereum, Polygon and Fantom blockchains. The [PAR](https://docs.parallel.best/parallel-protocol/parallel-v2/par) & [paUSD](https://docs.parallel.best/parallel-protocol/parallel-v2/par-1) stablecoin are decentralized, non-custodials, and collateral-backed FIAT stablecoins.