sUSDp (Savings USDp) is the yield-bearing staked version of USDp, the decentralized USD stablecoin of Parallel Protocol. Parallel is a modular, overcollateralized, and decentralized stablecoin protocol backed by a basket of yield-generating assets including sfrxUSD and sUSDe. When users deposit USDp into the Parallel Savings Module — an ERC-4626 compliant vault — they receive sUSDp in return. sUSDp accrues value block by block, capturing 70% of the protocol fees generated by the Parallelizer, Bridging, and Flash Loan modules. USDp is designed to be freely swappable with USDC at oracle value with no fees and no slippage. The protocol is governed by its DAO and is deployed across Ethereum, Base, Avalanche, and HyperEVM.