What Is Parrot USD (PAI)?
Parrot USD, commonly known by its ticker symbol PAI, is a decentralized stablecoin designed to maintain a consistent value relative to the U.S. dollar. Unlike traditional fiat-backed stablecoins, PAI operates within a blockchain-based ecosystem that emphasizes transparency, algorithmic stability mechanisms, and community governance. It aims to offer users a reliable digital asset for trading, lending, and cross-border transactions without the volatility typically associated with cryptocurrencies.
As of July 2, 2025, the live price of Parrot USD (PAI) stands at $0.967726**, placing it among the mid-tier digital assets in terms of market presence. With a current market capitalization of **$4.05 million, PAI ranks #2208 in the global cryptocurrency landscape—a reflection of its niche but growing adoption.
Price Performance & Market Data
Over the past 24 hours, Parrot USD has shown minimal price fluctuation, trading between a low of $0.967708** and a high of **$0.967829. This narrow range suggests relatively stable market sentiment, though the absence of significant trading volume indicates limited short-term speculative activity.
The circulating supply of PAI currently sits at 4.18 million tokens, with no publicly disclosed maximum supply cap. This open-ended issuance model may influence long-term value perception, especially as new tokens could potentially enter circulation through protocol incentives or staking rewards.
Historically, PAI reached an all-time high of $10.76** on November 24, 2023—likely driven by early project momentum or speculative interest—before correcting sharply. Conversely, it hit a record low of just **$0.00000561 on September 15, 2022, during broader market downturns. These extremes underscore the asset’s volatility despite its "USD" designation, highlighting the importance of due diligence before investment.
How to Buy Parrot USD (PAI)
Purchasing Parrot USD involves a few straightforward steps, primarily centered around using a reputable cryptocurrency exchange. One of the most accessible platforms for acquiring PAI is Bybit, which supports both beginner and advanced traders.
- Create an Account: Sign up on Bybit and complete Identity Verification Level 1 (KYC) to comply with regulatory standards.
- Deposit Funds: You can fund your account via fiat currency (subject to regional availability) or transfer existing cryptocurrencies such as USDT, BTC, or ETH.
- Navigate to Trading Interface: Search for “Parrot USD” or use the symbol “PAI” in the marketplace.
Place Your Order: Choose between:
- Market Order: Buy immediately at the current price (~$0.967726).
- Limit Order: Set a target price below the current rate to potentially get a better entry point.
- Secure Your Assets: After purchase, consider transferring your PAI to a non-custodial wallet for enhanced security.
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Is Parrot USD a Good Investment?
Whether Parrot USD is a sound investment depends on your financial goals, risk tolerance, and understanding of the crypto ecosystem.
On one hand, PAI's proximity to the $1 benchmark suggests some degree of stability, making it potentially useful for hedging against more volatile cryptocurrencies. Its integration into decentralized finance (DeFi) protocols could also enhance utility over time.
On the other hand, its small market cap and low trading volume indicate limited liquidity and higher susceptibility to price manipulation or sudden swings. Additionally, the absence of a fixed maximum supply raises concerns about inflationary pressure in the long run.
Investors should evaluate PAI not just on price alone but also on:
- The strength and transparency of its underlying protocol
- Adoption across DeFi platforms
- Regulatory developments affecting algorithmic stablecoins
- Historical performance during market stress events
As always, never invest more than you can afford to lose—and consider consulting a financial advisor before making decisions.
Frequently Asked Questions (FAQ)
What is the current price of Parrot USD?
As of July 2, 2025, Parrot USD (PAI) is trading at $0.967726. Prices may vary slightly depending on the exchange and real-time market conditions.
How many Parrot USD tokens are in circulation?
There are currently 4.18 million PAI tokens in circulation. The maximum supply is not publicly capped, meaning future emissions could affect token value.
Where can I buy Parrot USD?
You can purchase Parrot USD on major cryptocurrency exchanges such as Bybit. After creating an account and completing verification, you can deposit funds and trade directly for PAI using fiat or crypto pairs.
Can I sell Parrot USD easily?
Yes, selling PAI follows the same process as buying. Log into your exchange account, go to the trading interface, select PAI, and place a market or limit order to sell. Proceeds will be credited to your account balance for withdrawal or reinvestment.
Why is Parrot USD not exactly $1?
While Parrot USD aims to track the U.S. dollar, it does not always trade at exactly $1 due to market dynamics such as supply-demand imbalances, lack of liquidity, or temporary loss of confidence in its peg mechanism.
Should I hold Parrot USD long-term?
Holding PAI long-term may suit those who believe in its protocol’s evolution and increasing adoption. However, given its history of extreme volatility—from cents to over $10—the decision should be based on thorough research rather than speculation.
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Final Thoughts
Parrot USD represents an intriguing case study in the evolving world of algorithmic stablecoins. While it carries the name “USD,” its price behavior tells a story far removed from traditional stablecoins like USDC or DAI. Investors should approach PAI with caution, recognizing both its potential utility and inherent risks.
For those interested in monitoring real-time price movements, market trends, and broader crypto insights, staying informed through trusted platforms is crucial.
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