DeFiBearishCrypto Briefing · 3h ago7/10
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Strategy’s STRC backed apxUSD slips below peg during Bitcoin selloff
Apyx's apxUSD stablecoin, backed by Strategy's STRC token, fell below its $1 peg during a Bitcoin market selloff, exposing vulnerabilities in non-fiat-backed stablecoin designs. The depeg event underscores systemic risks when collateral assets experience rapid price declines, particularly for stablecoins relying on volatile cryptocurrency reserves rather than traditional fiat or commodities.
$BTC