Buck Launches Bitcoin-Pegged Savings Coin BUCK, with Yield from Strategy-Related Assets

BlockBeats News, January 6th, according to CoinDesk, Buck Labs launched the cryptographic token BUCK, positioned as a "Savings Coin" for non-U.S. users, focusing on providing passive income for USD-denominated crypto assets rather than traditional stablecoins.

BUCK launched at a price of $1, without a strict USD peg, allowing its price to fluctuate with the market. Its revenue is indirectly derived from Strategy (MSTR)-related assets: The Buck Foundation holds STRC perpetual preferred shares pegged to Bitcoin, which pays periodic income to the treasury, used to distribute returns to BUCK holders, with a current target annualized yield of approximately 7%, compounding per minute.

Buck Labs emphasized that Michael Saylor and Strategy are not involved, sponsored, or endorsed the project. BUCK adopts a governance token structure, where holders can participate in revenue distribution and other governance votes, and the company states that it is not issuing a security. BUCK aims to complement stablecoins rather than replace them, targeting users seeking relatively predictable crypto income but unwilling to engage in frequent trading.