Apyx Finance's apxUSD broke its $1 peg to $0.94 as Bitcoin fell to $63K, exposing collateral pressure in the STRC-backed stablecoin chain.

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

Apyx's apxUSD stablecoin briefly hit $0.93 amid a Bitcoin selloff. The dividend-backed protocol says the depeg reflects its unique STRC collateral model.