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via CryptoSlate · By CryptoSlate Editorial
A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off
BTC
BTC/USDT
$63,053.27
-0.04%
$63,053.27
-0.04%
(24s)24h Volume
$2,467,457,830.59
24h H/L
$63,175.00 / $62,920.00
Change: $255.00 (0.41%)
Long/Short
67.9%
Long: 67.9%Short: 32.1%
Funding Rate
+0.0025%
Longs pay
Data provided by COINOTAG DATALive data
CE
CryptoSlate Editorial(12:05 PM UTC)
1 min read
Apyx's apxUSD fell below its dollar reference on June 4 as Bitcoin traded near $63,000, putting DeFi dollar peg risk back in focus.
A Bitget report said the token briefly touched $0.93 during the selloff. The report framed Apyx's response as a design point: apxUSD's reserve risk is largely borne by Strategy's STRC preferred stock, with cash serving as part of a broader buffer.
Data at the time…
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