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Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug
Apyx's STRC collateralized stablecoin experienced a brief depeg. The protocol stated that the issue was a feature, not a bug.
Related Signal
Adjacent reporting
- Euro and USD stablecoins depeg amid ongoing $2.8M StablR exploit
- StablR’s EURR and USDR depeg after attacker mints $13.5 million in unbacked tokens through multisig exploit
- Bank of England Chief Flags ‘Coming Wrestle' With US on Stablecoin Oversight
- ECB’s Lagarde flags euro-denominated stablecoins as financial stability risk, diverging from Bundesbank stance
- Clarity Act’s stablecoin yield language pushed back; ban on idle balances still intact
- What Does the Future of Stablecoin Development in DeFi Look Like?