Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug

60-second summary

Apyx's apxUSD stablecoin has briefly slipped to 93 cents, a depeg from its intended parity. The protocol claims this is a deliberate feature, not a bug, allowing for temporary deviations to facilitate liquidity and trading. Market implications are unclear, but this event may raise concerns about the stability of decentralized stablecoins.