apxUSD severely depegged to $0.74, STRC crash triggers RWA collateral crisis
Synthetic dollar stablecoin apxUSD, launched by Apyx Finance, is facing its most severe de-pegging crisis since inception, dropping to around $0.7369 on June 26. The core trigger of the crisis is that the underlying collateral STRC is trading at nearly a 20% discount to its $100 face value; the strategy's balance sheet, heavily tied to Bitcoin, has directly subjected STRC to the impact of Bitcoin's pullback. STRC 20% Discount Triggers Shrinkage in apxUSD Collateral STRC is designed to trade arou
Bisc·06-26 02:33



