# Parallel V3

Parallel V3 is a stablecoins protocol allowing the creation of decentralized, capital-efficient and over-collateralized stablecoins built using a modular & upgradable architecture. 

The protocol consists of several different modules,which can be added or removed over time by the DAO, from which stablecoins can be issued or minted. 

Any type of stablecoin can be deployed using Parallel V3, for instance: [USD](https://docs.parallel.best/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp), EUR, CHF, ETH, BTC, etc..

<figure><img src="https://1576197425-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MdnKrtV1Ev2ILZ6C4SC%2Fuploads%2FJk0C5ZFrpf246vOTKq6S%2Fimage.png?alt=media&#x26;token=523252b4-604c-45db-9b20-7e0b09befc30" alt=""><figcaption><p>High Level Architecture</p></figcaption></figure>