What is the current price of Parallel (PAR)?

The current price of Parallel (PAR) is 1.8241703103973237 AUD, representing a +1.90 from the day prior.

Can I buy Parallel (PAR) on Coinstash?

Yes - you can easily buy and sell Parallel (PAR) on Coinstash. Simply login or sign up, to start buying Parallel (PAR) in minutes.

Where is the best place to buy Parallel (PAR) in Australia?

The best place to buy Parallel (PAR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Parallel (PAR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Parallel (PAR)?

The trading volume of Parallel (PAR) is 49.2K AUD in the last 24hrs, representing a +1.90 from the day prior.

How can I buy Parallel (PAR)?

Parallel (PAR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Parallel (PAR)?

The current market cap of Parallel (PAR) is 3.9M AUD.

Can I convert Parallel (PAR) to cash?

Yes - With Coinstash you can convert your Parallel (PAR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Parallel (PAR) are there?

The current circulating supply of Parallel (PAR) is 2.2M.

Is Coinstash a safe place to buy Parallel (PAR) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Parallel (PAR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Parallel (PAR)

What is Parallel?

Parallel (PAR) is an overcollateralised and decentralised Euro-pegged stablecoin issued by the Mimo protocol. It is designed to be multi-chain, supported by strong collaterals which include conservative, decentralised, and productive assets.

How does Parallel work?

Parallel operates using blockchain technology and is built on networks such as Ethereum, Polygon, and Fantom. The coin utilises collateralised debt positions (CDPs) to ensure stability, where assets secure the value of the coin on-chain. For every 1 Euro of PAR, more than 1 Euro worth of another asset is held as backing. It employs non-custodial smart contracts for minting and burning tokens, allowing borrowers full control over their collateral and PAR balances.

What are the potential use cases for Parallel?

Parallel can be used in various financial applications, such as generating yield, leveraging price and yield, providing liquidity, and serving as collateral in decentralised finance (DeFi). Its utility extends to B2B cross-border payments, offering a stable alternative to traditional fiat currencies. Industries that could benefit include financial services and cross-border payment systems.

What is the history of Parallel?

While specific details about the history of Parallel (PAR) are limited, it is part of the broader Parallel Protocol, a decentralised protocol issuing stablecoins governed by a DAO through vMIMO tokens. The protocol supports multi-chain operations and is open source, promoting transparency and allowing third-party integrations. Its development has focused on providing stablecoin solutions that learn from the challenges faced by early stablecoins, which struggled due to reliance on volatile assets.