---
title: "apxUSD (apxUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/apxusd-apyx/"
description: "Build-time stablecoin profile for apxUSD (apxUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# apxUSD (apxUSD)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

apxUSD is Apyx's dollar stablecoin backed by preferred shares of Digital Asset Treasury companies plus a cash and {{term:treasury}}T-bill{{/term}} buffer — an experimental collateral type that bets equity dividends from crypto-holding firms can stay near par. Apyx introduced what might be the most creative collateral backing in stablecoins: preferred shares from Digital Asset Treasury companies — publicly traded equity from firms like Strategy that hold large crypto positions. The theory is that variable-rate preferred shares trade near par regardless of crypto price volatility, providing stable collateral for a dollar token. Launched on Ethereum in February 2026 with DeFi Development Corp as an early investor, apxUSD is so new that market cap data barely exists. The Protocol-Owned Liquidity buffer is meant to absorb stress, but the underlying question is whether equity dividends from crypto-holding companies are truly uncorrelated with the crypto market they depend on. Pharos treats the reserve profile as closer to {{term:rwa}}real-world-asset{{/term}} credit than to a cash-only stablecoin.

## 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

1:1 collateral deposit and redemption through the Apyx protocol; Protocol-Owned Liquidity (POL) provides a stability buffer during market stress

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| British Virgin Islands | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x98a878b1cd98131b271883b390f68d2c90674665` | 18 |
| base | `0xd993935e13851dd7517af10687ec7e5022127228` | 18 |
| bsc | `0x6b3788fd6604bbf03c5378d24e57bb334baad4af` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/apxusd-apyx.