Buck launches Bitcoin-pegged "Savings Coin" BUCK, with returns indirectly derived from Strategy-related assets

On January 6, according to CoinDesk, Buck Labs launched the cryptocurrency BUCK, positioned as a “Savings Coin” aimed at non-US users, primarily offering passive income for USD-denominated crypto assets rather than traditional stablecoins. BUCK is initially priced at $1, with no hard dollar peg, and its price can fluctuate with the market. Its returns are indirectly derived from Strategy (MSTR)-related assets: Buck Fund will hold STRC perpetual preferred shares linked to Bitcoin, which pay periodic dividends to the treasury, used to distribute returns to BUCK holders, with an annualized target of approximately 7%, accruing by the minute. Buck Labs emphasizes that Michael Saylor and Strategy are not involved, sponsor, or endorse this project. BUCK uses a governance token structure, allowing holders to participate in profit-sharing and governance votes, and the company states it is not issued as a security. BUCK aims to complement rather than replace stablecoins, targeting users who seek relatively predictable crypto yields but are reluctant to trade frequently.