EURC−€4.3M−1.07%EURCV−€264K−0.16%jEUR+€9K+0.45%EURe+€7K+0.03%EURSM−€6K−0.27%EURA+€1K+0.08%EURS0.00%AEUR0.00%EURAU0.00%EURI0.00%EUROD0.00%EUROe0.00%EUROP0.00%EURQ0.00%EURR0.00%EURT0.00%EURXT0.00%HEUR0.00%dEURO0.00%EURD0.00%EURO30.00%EUROs0.00%EURm0.00%PAR0.00%EURR0.00%sEUR0.00%EUR00.00%VEUR0.00%
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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)
Website ↗
Overview

Parallel is a euro stablecoin issuer based in Decentralized (no issuing jurisdiction). It issues PAR, tracked on this site. Parallel is the brand; PAR is legally issued by Parallel Protocol (formerly Mimo Capital; no central legal issuer). Its regulatory status is recorded as Not regulated (decentralized, crypto-collateralized) - wind-down, with None (decentralized protocol) as the named regulator.

Issued assets
1
PAR
Total supplyEUR
€1.2M
circulating · 2026-09-13
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 issuerParallel Protocol (formerly Mimo Capital; no central legal issuer)
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
€1.2M
2026-09-13
→
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. No public source found on record for: reserve report, attestation cadence. These fields are shown as — rather than estimated. Figures are informational and should be verified against the issuer’s own and the regulator’s disclosures. Source classes & methodology → · Data coverage → · All issuers →