Apyx is a dividend-backed stablecoin protocol designed to bring off-chain digital credit yields on-chain. Its synthetic dollar, apxUSD, is backed by preferred shares issued by Digital Asset Treasuries (DATs), channeling dividend cash flows into DeFi liquidity. While apxUSD serves as the protocol’s primary liquidity layer, yield accrues to apyUSD, a yield-bearing stablecoin backed by the same dividend streams. Apyx uses protocol-owned liquidity (POL) to enhance stability and scalability, positioning itself as a structured, RWA-powered alternative to traditional stablecoin yield strategies.