Apyx's stablecoin suffers a brief depeg. Protocol says its a feature, not bug
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Latest Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not
Cryptocurrency Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday. Jun 4, 2026, 6:35 a.m. 2 min read Make preferred on Stablecoin depegs are a recurring feature of crypto bear markets. And the latest candidate is apxUSD, the preferred equity-backed stablecoin of the Apyx protocol. As market leader bitcoin BTC $63,434.18 fell sharply in the past 24 hours, reaching lows under $63,000 at one point, apxUSD briefly slipped to as low as 93…
Key points of the news: ApxUSD from Apyx fell briefly to $0.93 while Bitcoin went down below $63,000, but the protocol said the movement reflected an expected design behavior. Stablecoin is supported mainly by Strategicy's STRC preferred shares, along with Treasureuries and cash equivalents to support liquidity. Apyx says that overcollateralization, dividend mechanisms and oracle design in Morpho limit risk, although traders remain concerned abo…
The apxUSD token, which uses STRC shares as its underlying asset, is trading at $0.91. The entry "Strategy's preferred stock-backed stablecoin loses parity with the dollar" was first published on CryptoNews - Bitcoin, Ethereum, and cryptocurrency news.
What to remember: The stable apxUSD of the Apyx protocol fell to $0.93 on Wednesday, during the fall of the bitcoin. It is largely backed by Strategy's preferential STRC shares, subject to volatility. Apyx assures that it is a expected behavior, not a malfunction. The fall of the bitcoin makes a new collateral victim. LeapxUSD, the stablecoin of the Apyx protocol, briefly slipped to $0.93 this Wednesday, moving away from its parity with the gree…
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