Crypto▼ bearishImpact 7/10
A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off
CryptoSlate·

✦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 ↗