Apyx stablecoin apxUSD briefly unanchored to $0.93, protocol claims it is a normal mechanism and not a system failure On June 4th, according to CoinDesk, during the period when the price of Bitcoin fell below $63000, the preferred stock collateral stablecoin apxUSD under the Apyx protocol briefly dropped from anchor to $0.93. APxUSD is mainly supported by Strategy's STRC preferred stock (with a face value of $100), while allocating short-term US bonds and cash equivalents as liquidity buffers. In response, Apyx stated that this is the expected behavior of preferred stock supported stablecoins rather than a systemic failure, and pointed out that their stability mechanism includes multiple layers of protection: the issuer can pull the preferred stock price back to face value by increasing the dividend yield, and the agreement also maintains excess collateral to absorb market value fluctuations. In addition, Apyx stated that its main Morpho lending market is driven by dividend accumulation rather than STRC spot prices, so it will not trigger chain liquidation risks.