Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug
The Apyx protocol's apxUSD stablecoin briefly depegged to 93 cents during a period of market volatility. The protocol maintains that the fluctuation is a feature of its overcollateralized structure rather than a technical failure.
Why it matters
Illustrates the inherent risks and volatility associated with algorithmic and equity-backed stablecoins in the cryptocurrency market.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Apyx s STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday. By Omkar Godbole | Edited by Shaurya Malwa Jun 4, 2026, 6:35 a.m. 2 min read Make preferred on Apyx s stablecoin depegs (Pixabay) What to know : Apyx’s apxUSD slipped to 93 cents during bitcoin’s drop below $63,000. Apyx says volatility is expected and cushioned by overcollateralization, dividend mechanisms, and limited liquidation risk in Morpho markets. Stablecoin depegs are a recurring feature of crypto bear markets. And the latest candidate is apxUSD, the preferred equity-backed stablecoin of the Apyx protocol.
Provides both the market event and the company's justification without taking a stance on the protocol's viability.
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