Apyx’s stablecoin apxUSD briefly de-pegged to $0.93; the protocol stated this was part of its normal mechanism, not a system failure.
Source：
www.coindesk.com
In response, Apyx stated that this is the expected behavior of a preferred-share-backed stablecoin—not a systemic failure—and highlighted that its stabilization mechanism features multiple layers of safeguards: the issuer can raise the dividend rate to drive preferred share prices back to par value, and the protocol maintains over-collateralization to absorb market-value fluctuations. Furthermore, Apyx noted that its primary Morpho lending market is driven by dividend accrual rather than the STRC spot price, thus avoiding cascading liquidation risks.
