apxUSD (APXUSD)

Rank #132

apxUSD (APXUSD) is a synthetic stablecoin created to maintain parity with the US dollar, using preferred shares of companies that hold digital assets on their balance sheets as backing. Integrated into both the Ethereum ecosystem and other networks such as BNB Chain and Base, apxUSD is positioned to provide reliable liquidity on DeFi and CeFi platforms.

How apxUSD works

The protocol supporting APXUSD uses preferred shares of Digital Asset Treasuries, publicly traded companies that hold digital assets and distribute cash dividends. These shares are held as collateral, transforming dividend flows from the traditional market into onchain yield. Despite this, apxUSD does not pay yield directly, but serves as a stable store of value backed by more than 100% of these assets.

Purpose and market use

apxUSD was designed to facilitate operations within decentralized and centralized platforms, offering a transparent and collateralized stablecoin. The objective is to provide a stable digital currency, with infrastructure aimed at secure and efficient financial operations across networks such as Ethereum, BNB Chain, and Base.

Technology and risk management

The protocol employs daily monitoring of asset values, automatic rebalancing to avoid excessive concentration, and adverse scenario simulations to protect users. In addition, it maintains an additional liquidity reserve controlled by the protocol itself, reinforcing overcollateralization. Also noteworthy is the strategic partnership with companies such as DeFi Development Corp., strengthening its ecosystem and confidence in its operation.