News
The stablecoin apxUSD fell 4.6% to $0.94 after losing its peg, due to a decrease in the value of its collateral.
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PANews reported on June 4th that, according to PANews monitoring, the stablecoin apxUSD, backed by preferred shares such as STRC, fell to approximately $0.94, a drop of 4.6%. As Bitcoin fell to approximately $63,000, the reduced value of the collateral caused the stablecoin to de-peg.