PeckShield: apxUSD de-pegged to $0.94, Bitcoin's decline caused collateral value to shrink

Golden Finance reports that on June 4th, according to PeckShield monitoring, the stablecoin apxUSD launched by ApyxFinance (backed by STRC) dropped to approximately $0.94, a 4.6% decline in one day. As Bitcoin (BTC) fell to around $63k, its collateral value shrank, causing the stablecoin's peg to deviate.
BTC-2.86%
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