DeFiBearishCrypto Briefing · 3h ago7/10
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Apyx Finance’s apxUSD stablecoin slips to 90 cents amid STRC drop
Apyx Finance's apxUSD stablecoin has depegged to 90 cents, falling 10% below its $1 peg amid a significant decline in STRC, its backing asset. The incident underscores systemic vulnerabilities in stablecoins collateralized by volatile cryptocurrencies rather than reserve assets.
