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A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

CryptoSlate·
A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off
AI Analysis

Apyx's stablecoin, apxUSD, fell below its dollar peg during a Bitcoin selloff, highlighting risks associated with DeFi dollar stability. The token briefly dropped to $0.93, raising concerns about the reliance on Strategy's STRC preferred stock for its reserves.

Key Topics

ApyxapxUSDStrategySTRC

Originally reported by CryptoSlate. Read the full article ↗

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off | AI Crypto Daily Wire