Apyx's stablecoin suffers a brief depeg. Protocol says its a feature, not bug

CoinDesk Staff

(06:35 AM UTC)

1 min read

Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.

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.

As market leader bitcoin BTC$64,040.41 fell sharply in the past 24 hours, reaching lows under $63,000 at one point, apxUSD briefly slipped to as low as 93 cents, deviating…

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