Buck Labs launches bitcoin-backed 'savings coin' with ~7% annual yield

2026-01-06 17:31:15

Source: CryptoNewsNet Original Title: Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy Original Link: Cayman Islands-registered Buck Labs has introduced the “BUCK” crypto token, positioning it as a yield-bearing “savings coin” aimed at users seeking returns on dollar-denominated crypto holdings without relying on traditional stablecoins.

The token is backed by shares in Strategy (MSTR) shares, the largest corporate holder of bitcoin with nearly 675,000 BTC on its balance sheet.

BUCK is initially priced at $1 and is designed to distribute rewards currently targeted at around 7% annually, with returns accruing on a minute-by-minute basis. BUCK is not marketed as a stablecoin and does not maintain a hard dollar peg, meaning its price may fluctuate based on market conditions.

Rewards distributed to holders are funded indirectly through the foundation’s treasury holdings of Strategy’s bitcoin-linked perpetual preferred stock, known as STRC, which pays periodic income to the treasury. Strategy and its chairman are not affiliated with Buck and do not sponsor or endorse the token.

BUCK1,92%

BTC0,88%

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