PeckShield: apxUSD depegs to $0.94 as bitcoin decline causes collateral value to shrink
BlockBeats news, on June 4, according to PeckShield monitoring, the stablecoin apxUSD (backed by STRC) launched by Apyx Finance fell to about $0.94, a drop of 4.6% in a single day.
As Bitcoin (BTC) fell to around $63,000, the value of its collateral shrank, causing the stablecoin to deviate from its peg.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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