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Issuers / Parallel
Parallel

Parallel

Over-collateralized: PAR is minted as debt against governance-approved crypto collateral (WETH, WBTC, USDC and others) in vault contracts. The protocol (formerly Mimo) is in wind-down.
Not regulatedDecentralized (no issuing jurisdiction)
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Issued assets
1
PAR
Total supplyEUR
€1.3M
circulating · 2026-07-30
Regulator
None (decentralized protocol)
Not regulated (decentralized, crypto-collateralized) - wind-down
Attestation
Unknown
On-chain collateral (vaults); no off-chain reserve attestation
Regulatory profile
Legal entity—
JurisdictionDecentralized (no issuing jurisdiction)
MiCA statusNot regulated (decentralized, crypto-collateralized) - wind-down
RegulatorNone (decentralized protocol)
BackingOver-collateralized: PAR is minted as debt against governance-approved crypto collateral (WETH, WBTC, USDC and others) in vault contracts. The protocol (formerly Mimo) is in wind-down.
AttestationUnknown · On-chain collateral (vaults); no off-chain reserve attestation
Issued assets
PAR
Winding down
€1.3M
2026-07-30
→
Access & redemption
Access typeRetail
OnboardingNone required
Direct mintNot available
Direct redeemAvailable
Freeze capabilityNo
Key documents
Issuer data sourced from official regulatory registers, issuer disclosures, and MiCA authorization records. Last verified: 2026-07-29. Methodology → · All issuers →