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Apyx is the first dividend-backed stablecoin protocol that converts Digital Asset Treasuries’ preferred equity into programmable digital dollars (apxUSD and apyUSD) to deliver on-chain double-digit yields. It uses a Yield Wrapper and a diversified, overcollateralized asset basket with auto-rebalancing, risk management, and daily NAV updates to provide yield for traders, market makers, and long-term savers while allowing redemptions. Its governance token APYX provides protocol governance and a share of reserve growth, with Season 1 live and 5% of APYX supply available.
AI named apyUSD in March 2026.