ApxUSD Stablecoin Depegs to $0.94, Down 4.6% as Collateral Value Falls on June 4

BTC-6.55%
According to PANews, ApxUSD stablecoin depegged and fell to $0.94 today (June 4), down 4.6%, as collateral backed by STRC preferred shares lost value. Bitcoin's decline to around $63,000 triggered the depeg.
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