Strategy-Backed Stablecoin Depegs, Raising Fresh Concerns
TL;DR: Apyx’s apxUSD fell below its $1 reference on June 4, briefly touching $0.93 as Bitcoin traded near $63,000. The token is backed mainly by Strategy’s
Apyx (Latest Publications)
Apyx’s STRC-Backed apxUSD Briefly Slips to $0.93, With Protocol Calling It a Feature
TL;DR: Apyx’s apxUSD briefly slipped to $0.93 as Bitcoin fell below $63,000, but the protocol said the move reflected expected design behavior. The stablecoin is backed
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