Parallel

We’re proud to announce that Parallel V3 is live, starting with USDp! What’s new? A lot! - A modular architecture for stablecoins issuance - Depeg protection - Native saving assets - Crosschain by design - and more. blog.parallel.best/parallel-v3-is…

We do our best to have the technical team review everything that goes out from this account before it does. In this space a loose claim is a liability, not a typo. Which is why you will not see a launch announced here before it is live, or a number quoted here we cannot show you. Building agents that will need to pay for things? Ask in our Telegram and you get a technical answer, not a sales script: t.me/parallel_money

Five weeks, and the picture is complete. Agents are economic actors. Payments held them back. There is a supply side to build. You can let them pay without losing control. And underneath it all, the rails: cheapest-path routing, no swap when possible, sponsored gas, immediate settlement, a structural zero fee. That last layer makes the rest usable. Both deep dives pinned: t.me/parallel_money

Six people. A protocol live across 24 chains, audited by Bail Security and Certora, monitored in real time by Hypernative, with a bug bounty up to 250,000 dollars. That ratio is the operating model: clear roles, fast decisions, security treated as non-negotiable. Small team, wide surface, short path from decision to shipped. Meet them in our Telegram: t.me/parallel_money

Six people. A protocol live across 24 chains, audited by Bail Security and Certora, monitored in real time by Hypernative, with a bug bounty up to 250,000 dollars. That ratio is the operating model: clear roles, fast decisions, security treated as non-negotiable. Small team, wide surface, short path from decision to shipped. Meet them in our Telegram: t.me/parallel_money

The most important part of Parallel is the part you never notice. Not the agent paying on its own. The layer under it: routing that skips a swap, sponsored gas, immediate settlement, a path chosen fresh every transaction. Boring, does not demo well. Also the thing that decides whether a high-frequency agent is a business or a slow leak. Invisible is the win: t.me/parallel_money

No allowlist. No per-merchant rules. No on-chain budget contract. In the agent payments design, that is deliberate. The control lives in the wallet. Fund what you are willing to spend, the agent spends within that balance, and the balance is the limit. Access is not what makes an agent autonomous. The boundary is. More in our Telegram: t.me/parallel_money

The platform fee is zero, and not in the "for now" way. The Parallelizer backs the liquidity and earns spread capture, not a cut of your payment. The economics live there, so the transaction does not need a fee taken out of it. Zero because there is no place in the design to charge it, not because we chose not to. The first changes next quarter. The second is structural: t.me/parallel_money

HTTP 402, Payment Required, has sat in the spec since the 1990s. Unused, because the only buyers were humans with cards. Agents are the reason it finally has a job. It is still there in RFC 9110, the current spec, next to the auth framework the payment travels in. The rail was already written. We did not invent a token for this. Not needing one was the point. Building in the open: t.me/parallel_money

Two more costs sit between an agent and a paid service: gas, and time. The rails take both off the table. On L2 gas is sponsored, so the fee that breaks micropayments is not passed on. Settlement is immediate, paid straight to the wallet. With cheapest-path routing and no-swap settlement, the pattern holds: overhead removed at each step, not reduced. None of it is the builder's problem: t.me/parallel_money

Parallel is on its third architecture. Each iteration moved toward one goal: a protocol that stands on its own economics, not on incentives that have to be funded forever. V3 is where that held. A stablecoin protocol live across 24 chains, audited and monitored around the clock. Same standard now shapes the agent payments work. The full story is in our latest article.

The cheapest swap is the one that never happens. Most of the cost in a small payment is the token swap, ~0.3% each time. The usual fix is a cheaper swap. The better one is to avoid it. When the path needs no swap, the rails take it, and that 0.3% is removed, not discounted. A meaningful share of payments qualify, and the facilitator finds them first. Small idea, large effect at scale: t.me/parallel_money

Every payment starts by finding the cheapest way to move it. An agent rarely holds the token a service wants. Paid naively that is a swap, ~0.3% plus gas, every time. At agent scale that is the margin. So the facilitator maps the paths and picks the cheapest in real time, by liquidity, gas, and pairs, per transaction. The case that matters most: no swap needed at all. The routing finds those: t.me/parallel_money

PGP-43, which proposes to perform an additional security audit of Parallel v3.2 by Bail Security, has been approved by the DAO. In accordance with the vote, @bailsecurity will conduct a new comprehensive audit of Parallel v3.2.

A payment went request to settlement on testnet this week with no human anywhere in the path. Real on-chain transactions, not a mock. Months of work to make one boring thing happen on its own. Testnet, not production. The product is not live. But it moves, and the facilitator deploy configs are done. At the door, not through it. Early access is in our Telegram: t.me/parallel_money

This week, the part underneath: the rails that move the payment itself. Micropayments never worked because the cost of moving money was bigger than the money. A swap, gas, an exchange step, nothing on a large payment, fatal on a fraction of a cent. Parallel removes that overhead, not reduces it. Cheapest path per transaction, many payments need no swap, sponsored gas, immediate settlement. The builder never sees it. Deep dive on how it settles is live: t.me/parallel_money