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

On January 6, CoinDesk reported that Buck Labs has launched the cryptocurrency token BUCK—positioned as a “Savings Coin” for non-U.S. users, focused on delivering passive income for USD-denominated crypto assets rather than traditional stablecoins. BUCK has an initial price of $1, with no strict USD peg, allowing its value to fluctuate with market conditions. Its revenue is indirectly tied to assets linked to Strategy (MSTR): The Buck Foundation holds STRC perpetual preferred shares pegged to Bitcoin, which generate periodic returns for the treasury. These returns fund rewards for BUCK holders, with a current annualized target of approximately 7%—compounded every minute. Buck Labs stresses that Michael Saylor and Strategy are not involved in, sponsored by, or endorsing the project. BUCK uses a governance token structure, enabling holders to participate in revenue distribution and other governance votes. The company notes it is not issuing securities. BUCK aims to complement, not replace, stablecoins, targeting users seeking relatively predictable crypto income who are unwilling to trade frequently.