ApxUSD: Drops to $0.94 as Bitcoin Falls to $63K
ApxUSD falls to $0.94 (-4.6%) backed by STRC as Bitcoin drops to $63K, shrinking collateral and breaking the peg at apyx_fi.
SourceAnalysis
ApxUSD, backed by STRC, has dropped to ~$0.94 (-4.6%) as Bitcoin slips to ~$63K, shrinking collateral and breaking the peg at apyx_fi. The move tracks the short-duration high-yield credit structure of STRC that has paid 11.50% annually in recent periods, leaving the stablecoin exposed when native Bitcoin collateral contracts.
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