The First Killer Use-Case of CashTokens
ParyonUSD is set to bring the full power of decentralized finance (DeFi) to Bitcoin Cash (BCH). As a decentralized stablecoin backed by BCH and built on CashTokens, ParyonUSD fills critical gaps in the Bitcoin Cash ecosystem by offering both stability and borrowing opportunities for BCH holders. In addition, its innovative design enables yield generation through staking, unlocking new financial possibilities that have never been available on the BCH network.
Our vision is for ParyonUSD to become the leading DeFi project on the Bitcoin Cash network by Total Value Locked (TVL). We are dedicated to driving its continued growth and long-term success, which, we believe, will significantly increase demand for Bitcoin Cash and expand the usage of the blockchain.
What is ParyonUSD?
ParyonUSD is a decentralized, BCH-backed stablecoin built on CashTokens. As a pioneering DeFi project on BCH network, ParyonUSD offers stability for users looking to safeguard value in their savings, transact and participate in the DeFi space.
Issued through a trustless lending protocol with dynamic interest rates, ParyonUSD allows borrowers to obtain liquidity and leverage on their BCH holdings without needing to sell. Users can borrow ParyonUSD up to 90% of the dollar value of their Bitcoin Cash collateral.
At the core of ParyonUSD is its stability mechanism, based on the LiquityV2 protocol, which ensures a reliable peg to the US Dollar. This stability is maintained through a direct redemption mechanism and dynamic interest rates. Both mechanisms are designed to balance supply and demand for the stablecoin to self-correct to $1 as stable equillibrium, even during volatile market conditions.
Backed directly by Bitcoin Cash, ParyonUSD provides users with a robust way to preserve value while contributing to the liquidity and strength of the broader BCH ecosystem. ParyonUSD serves as a building block for other DeFi protocols and applications to expand on, with the goal of advancing the BCH DeFi ecosystem as a whole.
For an in-depth look at how ParyonUSD maintains its stability, check out our detailed blog post: ‘ParyonUSD’s Stability Mechanism’
Unlocking New Opportunities on BCH
ParyonUSD will enable the following three big use cases, filling important gaps in the BCH Ecosystem :
Savings and Payments: With its strong peg to the US Dollar, ParyonUSD is ideal for users looking to secure a stable value for their savings or engage in commerce or international transactions without concerns over exchange rate volatility. ParyonUSD provides a reliable means to stabilize purchasing power and conduct smooth (dollar value) payments.
Borrowing for BCH Holders: ParyonUSD empowers BCH holders to borrow against their assets through an over-collateralized loan. By locking up BCH as collateral, users can borrow ParyonUSD while maintaining their exposure to BCH, providing flexibility to reinvest, earn yields, or manage other financial needs without selling their BCH.
Staking to earn Yield: Users can also stake their ParyonUSD in the Stability Pool to earn yield in BCH. This staking mechanism offers BCH enthusiasts a method to generate passive income while helping stabilize the ParyonUSD ecosystem. The ability to earn staking rewards fills a significant gap in the BCH network’s DeFi capabilities.
The Team
The ParyonUSD project is driven by a small but talented and technically skilled team. The collective prior experience and specialized knowledge empowers the team to create a groundbreaking UTXO smart contract system.
As of now, the team consists of: Mathieu G. (founder) & Merlin B.
With external contributions from Corentin M., Sayoshi Nakamario & Olivier V.
Project TimeLine
Our goal is to launch ParyonUSD in Q3/Q4 2025. Stay tuned for more updates!
Join the Conversation
Stay informed about our progress and dive deeper into the details of the ParyonUSD project by following our updates. We invite you to be part of the discussion and join the community.
- Follow ParyonUSD on X: x.com/ParyonUSD
- Join the ParyonUSD group on Telegram: t.me/ParyonUSD
In our Telegram group, you’ll have the opportunity to engage directly with the team and developers—ask questions, share your thoughts, and be part of the ongoing conversation as we build ParyonUSD together!