Depeg event
Parallel USDp depeg above peg — May 6, 2026
Detected under v5.96 · confirmed via DefiLlama+DEX+Pool
Event summary
- Direction
- above peg
- Peak deviation
- 22.03%
- Started
- May 6, 2026
- Ended
- May 6, 2026
- Duration
- 2.5 hr
- Peg reference
- $0.9998
- Start price
- $1.22
- Peak price
- $1.22
- Recovery price
- $0.9999
Stablecoin
Parallel USDp (USDp) →USDp is Parallel's DAO-governed dollar minted against a whitelisted basket of overcollateralized stablecoins through a licensed Angle Transmuter fork.
Methodology pin: v5.96 changelog