Buck Labs has launched the BUCK token, a yield-bearing "savings coin" with an initial price of $1 and a target annualized yield of approximately 7%. The token is backed by shares of MicroStrategy (MSTR), generates yield every minute, but is not a pegged stablecoin, so its price may fluctuate. Yield funding comes from MicroStrategy STRC preferred shares held by the foundation. The token features a governance mechanism and is initially available to users outside the United States.
Buck Labs has launched the BUCK token, a yield-bearing "savings coin" with an initial price of $1 and a target annualized yield of approximately 7%. The token is backed by shares of MicroStrategy (MSTR), generates yield every minute, but is not a pegged stablecoin, so its price may fluctuate. Yield funding comes from MicroStrategy STRC preferred shares held by the foundation. The token features a governance mechanism and is initially available to users outside the United States.