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

Related incidents

Other recent peggedUSD depegs

2026-06-02apxUSDpeak 10.59% below peg
2026-05-29USDXLpeak 7.37% above peg
2026-05-24USDRpeak 75.46% below peg

Other cdp incidents

2026-05-20USDXLpeak 6.69% above peg
2026-05-13MAIpeak 35.41% below peg

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