DIA Powers Oracle Infrastructure for Parallel Stablecoins

Parallel Protocol has integrated DIA Value to deliver verifiable onchain price feeds for its stablecoin system. The integration covers both USDp and its yield-bearing wrapper sUSDp across four networks, and is live in production.

USDp is a collateral-backed stablecoin deployed across Hyperevm, Base, and Avalanche. That multichain footprint creates a pricing problem that market-based oracles handle poorly: liquidity is fragmented across chains, thin order books invite manipulation, and yield-bearing wrappers like sUSDp require chain-local vault rate accounting that single-price feeds don’t support.

The integration provides two complementary feed types:

Fundamental feeds compute USDp’s fair value directly from onchain redemption data. The oracle reads collateral composition and redemption curves from Parallel’s smart contracts in real time, producing a price that reflects what USDp can actually be redeemed for rather than what a thin secondary market last traded. For sUSDp, the fundamental feed multiplies the USDp benchmark by the chain-local vault exchange rate, keeping the price accurate per deployment.

Market feeds provide a separate USDp price sourced directly from trading venues, published under a distinct key so protocols can choose the methodology appropriate for their use case.

Both feeds are available via AggregatorV3-compatible adapters across all four chains.

For full technical implementation detail, see Parallel’s integration post.