Stability of two-wave solitons supported by resonant parametric intera
ctions in a diffractive (or dispersive) optical quadratic medium is in
vestigated analytically and numerically. It is found that the solitons
can become unstable when the phase matching between the fundamental a
nd second harmonics is not exactly satisfied. The analytical criterion
for the linear instability is presented, and it is revealed that the
instability leads to two possible scenarios of the soliton dynamics, e
ither large-amplitude in-phase oscillations of two harmonics or the so
liton decay.