Description
Parabol offers paraUSD, a USD-pegged stablecoin backed by U.S. Treasury Bills and overnight repurchase agreements, designed for developers, businesses, and treasuries. Developers can use its APIs and SDKs to integrate high-yield opportunities into their platforms, while businesses can enhance user engagement by offering secure, yield-bearing savings. For treasuries, Parabol provides a way to optimize cash reserves with stable, risk-free yields, instant liquidity, and full transparency. The platform features a Reserve Stability Pool (RSP) where users can lend their paraUSD to earn income, which also helps maintain the system's stability. The core offering is centered around providing institutional-grade infrastructure for embedding treasury bill-backed returns into various products.