Stablecoin apxUSD, backed by STRC, has fallen to approximately $0.94, marking a 4.6% decrease. This drop coincides with a decline in the price of bitcoin:native, which has slipped to around $63,000. The decrease in bitcoin's value has led to a reduction in collateral, causing apxUSD to lose its peg.
apxUSD Drops to $0.94 as Bitcoin Price Declines
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