The stablecoin apxUSD fell 4.6% to $0.94 after losing its peg, due to a decrease in the value of its collateral.

CoinFeed reported on June 4th that, according to CoinFeed monitoring, the stablecoin apxUSD, backed by preferred shares such as STRC, fell to approximately $0.94, a drop of 4.6%. As Bitcoin fell to approximately $63,000, the reduced value of the collateral caused the stablecoin to de-peg.