apxUSD

Stablecoins differ not in the peg but in what stands behind it, and apxUSD is one such issue on Ethereum. Some hold a reserve with an outside custodian, some are minted against crypto collateral inside a smart contract, others combine the two. The scheme chosen determines both how a holder converts back into dollars and how the peg behaves under market stress. Verifiable detail about this particular issue is scarce in public sources, and inventing it would be dishonest.