Apyx Stablecoin apxUSD Briefly Depegs to $0.93, Protocol Cites Expected Volatility

On March 4, 2026, Apyx's stablecoin apxUSD briefly dropped to $0.93, a move the protocol characterized as an expected outcome of its dividend-backed collateral model, while holding approximately 288,888 STRC preferred shares with a 104% overcollateralization ratio.