# Parallel App — app.parallel.best

The web app for Parallel Protocol: mint and redeem USDp, deposit into
sUSDp, stake PRL, and read live reserve data. Operated by Cooper Labs.

Last updated: 2026-08-26

## What lives here
- /mint — mint and redeem USDp (Parallelizer, live on 4 chains)
- /earn — deposit USDp into sUSDp, an ERC-4626 savings vault
- /stake — stake PRL or PRL/wETH BPT for voting power and fee share
- /bridge — bridge USDp across the 24 chains where it is deployed (LayerZero)
- /yield — DeFi yield opportunities for Parallel stablecoins
- /transparency — live reserves, backing, supply, yield distribution

## Facts
- USDp: decentralized, overcollateralized USD stablecoin, on 24 chains.
- USDp is backed only by onchain assets and is instantly redeemable
  against reserves, with no cooldown.
- sUSDp: ERC-4626 savings vault on USDp, live on 4 chains (Ethereum,
  Base, Avalanche, HyperEVM); yield is paid in USDp.
- PRL: governance token of Parallel Protocol.
- Audits: Cyfrin, Bail Security, Certora (partial V3 scope), Zenith
  (PRL token). Parallel v3.1 comprehensively audited and formally
  verified by Cyfrin with the Certora Prover (2026-03-04). Full list
  and reports: https://docs.parallel.best/security/audits
- Live reserve data: https://app.parallel.best/transparency
- DefiLlama: https://defillama.com/protocol/parallel-protocol-v3
- Parallel Protocol is not Paxos USDP, not Parallel Finance,
  not parallel.ai, and not Mimo (its V2 predecessor).

## Canonical contract addresses
- USDp — Ethereum: 0x9B3a8f7CEC208e247d97dEE13313690977e24459
- USDp — Base: 0x76A9A0062ec6712b99B4f63bD2b4270185759dd5
- USDp — Avalanche: 0x9eE1963f05553eF838604Dd39403be21ceF26AA4
- USDp — HyperEVM: 0xBE65F0F410A72BeC163dC65d46c83699e957D588
- sUSDp — Ethereum: 0xd3a452B305C8285c0Dd7b8537665c734d3D279eF
- sUSDp — Base: 0x472eD57b376fE400259FB28e5C46eB53f0E3e7E7
- sUSDp — Avalanche: 0x9d92c21205383651610f90722131655a5b8ed3e0
- sUSDp — HyperEVM: 0x9B3a8f7CEC208e247d97dEE13313690977e24459
- PRL — Ethereum: 0x6c0aeceeDc55c9d55d8B99216a670D85330941c3

USDp is deployed on 24 chains in total; the full per-chain address list
lives in the documentation.

## Canonical sources
- Documentation: https://docs.parallel.best (llms.txt + llms-full.txt)
- Protocol site: https://parallel.best
- Blog: https://blog.parallel.best