Jun 4
Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug
➤ Apyx's apxUSD stablecoin briefly depegged to $0.93 due to the volatility of its underlying preferred equity collateral (STRC). ➤ The protocol states this is an expected feature, not a bug, as preferred equity is inherently more volatile than cash reserves, and STRC has historically reverted to its par value. ➤ Despite market concerns, Apyx asserts its multi-layered peg stability model, including excess collateral and specific lending market mechanics, mitigates liquidation risks.