Apyx Finance’s apxUSD stablecoin slips to 90 cents amid STRC drop

- Apyx Finance’s apxUSD has officially joined the “stablecoins that pretend to be stable” hall of fame, slipping to 90 cents. This depeg is a masterclass in why backing a stablecoin with volatile assets is like trying to build a house on a trampoline. The drop in STRC collateral didn’t just wobble the peg; it sent it plummeting. It’s a stark reminder that if your reserve isn’t rock-solid, you’re not running a financial institution; you’re running a high-stakes magic trick where the rabbit disappears and the audience loses their money. Robust collateral management isn’t just a buzzword—it’s the difference between a functional currency and a digital confidence game. Until Apyx fixes this structural flaw, apxUSD remains less of a store of value and more of a cautionary tale for anyone who thinks volatility can be tamed with enough marketing.