Profile
apxUSD profile facts
apxUSD (apxUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- Preferred shares issued by Digital Asset Treasuries (DATs): variable-rate, dividend-bearing preferred equity from companies holding digital assets (e.g., Strategy STRC, Strive SATA), held in excess of apxUSD outstanding, plus a cash and short-term U.S. Treasury Bill buffer (incl. USDC) for liquidity; redemptions settle in USDC, with preferred-share positions sold to USDC under stress
- Peg mechanism
- Whitelisted primary-market mint/redeem with USDC settlement at Redemption Value; secondary liquidity and arbitrage support non-whitelisted holders, while Protocol-Owned Liquidity provides an additional stability buffer during market stress.
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- Independent Attestation by Wolf & Company, P.C. examines Preference Foundation's monthly securities-balance assertions, including brokerage STRC/SATA and tokenized STRCx in self-custodied wallets. The September 2026 opinion, signed October 13, corroborates this preferred-equity sleeve but does not reconcile all external reserve buckets or apxUSD redeemable liabilities. Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
apxUSD quick answers
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What is apxUSD?
apxUSD is Apyx's DAT preferred-equity-backed dollar with a cash/T-Bill buffer; whitelist-only primary mint/redeem settles in USDC. The static profile records its US Dollar peg mechanism as: Whitelisted primary-market mint/redeem with USDC settlement at Redemption Value; secondary liquidity and arbitrage support non-whitelisted holders, while Protocol-Owned Liquidity provides an additional stability buffer during market stress.
Is apxUSD safe?
As of Oct 24, 2026, Pharos grades apxUSD F (26/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs apxUSD?
Pharos records apxUSD's reserves as of Oct 1, 2026 as 85% STRC / STRCx (Strategy preferred-equity exposure), 15% Cash & Equivalents (cash, stablecoins, bills and DeFi positions), and under 0.1% Other (unclassified external reserve balance). Reserve evidence: Independent Attestation. Pharos classifies the backing as Real-World Asset Backed.
Can apxUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem apxUSD?
Under the route Pharos reviewed on Oct 7, 2026, whitelisted primary-market participants can redeem apxUSD for USDC. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
