apxUSD is a crypto-backed US dollar stablecoin. It has about $309M in circulation, ranking #30 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
What is apxUSD?
apxUSD is a crypto-backed US dollar stablecoin. It has about $309M in circulation, ranking #30 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
In the issuer's words: apxUSD is Apyx's synthetic dollar backed by a diversified basket of low-volatility, variable-rate, preferred shares issued by industry leading Digital Asset Treasuries (DATs).
apxUSD supply history
apxUSD supply fell 3.8% over the past 30 days, to $309M. Its peak was $525M in May 2026, and supply is 41% below that high.
Is apxUSD holding its peg?
apxUSD is trading 0.5–2% from its target. Small coins often drift like this on thin markets. A gap that persists usually reflects redemption friction or doubts about the backing.
Where apxUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 99% of all apxUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How apxUSD is backed
apxUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: apxUSD is minted when users deposit collateral through Apyx. It can be redeemed for underlying collateral at any time.
Reserve reports and audits: certificate.quantstamp.com
apxUSD risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
At the last update apxUSD traded at $0.9903 against a target of 1.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
apxUSD vs USDT and USDC
Similar crypto-backed stablecoins
See all →
apxUSD FAQ
What is apxUSD?
apxUSD is a crypto-backed US dollar stablecoin. It has about $309M in circulation, ranking #30 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is apxUSD pegged 1:1 to the US dollar?
apxUSD targets 1 USD. At the last update it traded at $0.9903, a deviation of -0.97%, which we classify as "slightly off peg".
What backs apxUSD?
apxUSD is a crypto-backed stablecoin. apxUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is apxUSD on?
apxUSD is live on 2 blockchains. The largest by supply are Ethereum ($300M), BSC ($2.6M).
How much apxUSD is in circulation?
About $309M of apxUSD was in circulation at the last update, -3.8% over 30 days. That makes it the #30 stablecoin by supply among those we track.
Is apxUSD safe?
No stablecoin is risk-free. As a crypto-backed design, apxUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. It currently shows "slightly off peg" on our peg monitor. This page is information, not investment advice.