Stablecoin backed by Strategy preferred shares loses parity with the dollar

“This is not a bug, it is expected behavior,” says the development team. apxUSD developers say calling the protocol insolvent is “misleading.” The apxUSD stablecoin, issued by the Apyx protocol, has been falling for 2 days and today, June 4, 2026, reaches a price of $0.918. Thus, it moves away from the ideal parity that … Read more