Buck launches bitcoin-pegged "savings coin" BUCK, with yields indirectly derived from Strategy-related assets
BlockBeats News, January 6, according to CoinDesk, Buck Labs has launched the crypto token BUCK, positioned as a "Savings Coin" for non-U.S. users, focusing on providing passive returns for USD-denominated crypto assets, rather than being a traditional stablecoin.
The initial price of BUCK is $1, but it is not strictly pegged to the U.S. dollar, and its price can fluctuate with the market. Its yield is indirectly derived from Strategy (MSTR)-related assets: the Buck Foundation holds STRC perpetual preferred shares linked to bitcoin, and this asset pays periodic returns to the treasury, which are then distributed to BUCK holders. The current annualized target yield is about 7%, accumulated by the minute.
Buck Labs emphasizes that Michael Saylor and Strategy are not involved in, sponsoring, or endorsing this project. BUCK adopts a governance token structure, allowing holders to participate in governance votes such as profit distribution, and the company states that it is not issued as a security. BUCK is intended to supplement, not replace, stablecoins, targeting users who want relatively predictable crypto returns but do not wish to trade frequently.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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