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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

$79,752.00

+0.42%

$79,752.00

+0.42%

(24s)

24h Volume

$6,622,973,992.09

24h H/L

$79,877.07 / $79,378.19

Change: $498.88 (0.63%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,732.35

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,732.35

Support 1$79,635.96

Support 2$76,174.33

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

CryptoSlate Editorial

(12:05 PM UTC)

1 min read

Verified byJames Mitchell

0 comments

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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