Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday. Apyx’s apxUSD slipped to 93 cents during bitcoin’s drop below $63,000. Apyx says volatility is expected and cushioned by overcollateralization, dividend mechanisms, and limited liquidation risk in Morpho markets. 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 th…
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