Is PARED a Wordle Word?

Yes. PARED is a valid Wordle word.

It is not on the Wordle answer list, so it is unlikely to be a daily answer.

Past-tense words ending in ED are almost never chosen as Wordle answers.

What does PARED mean?

To remove the outer covering or skin of something with a cutting device, typically a knife“Victor pared some apples in preparation to make a tart.”
(often with down or back) to reduce, diminish or trim gradually something as if by cutting off“Albert had to pare his options down by disregarding anything beyond his meager budget.”
To trim the hoof of a horse

Definition from Wiktionary, available under the CC BY-SA license.

Starter word rating: GoodIn the top 7% of all valid Wordle words for testing common letters.
Vowels: A, E
Unique letters: 5 of 5
Common letters: A, R, E

Hard-mode trap: 12 valid words fit the pattern _ARED. If you reach it, you may need several guesses to find the last letter.

Letter ratings use how often each letter appears in Wordle answers.

Tap its tiles to the colours Wordle showed, and the Wordle Solver lists every word that still fits, with the best next guess.