USDp & sUSDp

USDp

USDp is the USD stablecoin of Parallel V3. It is a decentralized, overcollateralized asset backed by a basket of cryptocurrencies and stablecoins, including yield-bearing versions such as sfrxUSD or sUSDe. The issuance and redemption of USDp are currently managed by Parallel modules.

USDp is currently deployed on these chains:

Staked USDp

sUSDp is the yield-bearing version of USDp, the stablecoin of Parallel V3. When a user deposits USDp into the Savings Module (an ERC-4626 vault), they receive sUSDp in return. This token represents their claim on the deposited USDp plus the yield generated by the protocol.

sUSDp is currently deployed on these chains:

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