apxUSD
APXUSDRank #149Data provided by CoinGecko
Performance
About apxUSD
apxUSD is a synthetic US dollar stablecoin, meaning its value is pegged to the US dollar, issued by the Apyx protocol. Apyx says the protocol exists to turn offchain dividend cash flows from preferred shares into yield onchain.
The token does not pay yield directly; holders lock it in the apyUSD vault to earn yield. As dividends are paid out, apyUSD rises in value relative to apxUSD over time.
- Network
- Ethereum token (+3 chains)
- Category
- Stablecoins
- Max supply
- No hard cap
apxUSD news
All newsapxUSD FAQ
apxUSD is designed to supply liquidity in both decentralized finance (DeFi) and centralized finance (CeFi).
Apyx reports its net asset value each day, adjusts its holdings automatically, runs stress tests and keeps a reserve of liquidity owned by the protocol.
apxUSD has token contracts on Ethereum, Base, BNB Smart Chain and Solana.
