The Buck Foundation, through its U.S.-based technology company Buck Labs, has launched what it calls the world's first Bitcoin Dollar savings coin. The new digital asset, named BUCK, introduces a novel category focused on predictable rewards and global accessibility, positioning itself as a savings-oriented complement to stable assets.
The debut product offers 7% annual rewards that accrue minute by minute, with low transaction fees. Initially priced at $1 per token, BUCK can be traded 24/7, with rewards calculated based on precise holding time. The structure allows users to enter and exit directly in crypto without relying on traditional banking, aiming to deliver a borderless, Web3-enabled savings experience.
Unlike traditional stablecoins, Buck Labs has emphasized that BUCK is not a stablecoin. Its price is allowed to fluctuate and is not pegged to any fiat currency, meaning holders face market risk alongside the potential yield.
The token's unique yield mechanism is funded through the Buck Labs foundation treasury, which holds bitcoin-linked perpetual preferred stock (STRC) issued by Strategy. Income generated from this stock is used to reward BUCK holders. Rather than relying on on-chain lending or algorithmic mechanisms, the token's return profile is tied to the performance and income characteristics of Strategy's preferred equity structure. This creates a transparent savings model supported by Bitcoin overcollateralization.
In addition to its savings-focused design, BUCK also functions as a governance token. Holders can vote on protocol-related decisions, including matters related to reward distribution and treasury management. Token holders vote on distributing earnings from the treasury, which receives variable monthly returns from Strategy's STRC.
Buck Labs clarified that neither Michael Saylor nor Strategy is affiliated with the BUCK project, and the company does not endorse the token, despite BUCK's exposure to Strategy-issued financial instruments.
At launch, BUCK is being marketed exclusively to non-U.S. users, positioning it as an alternative crypto savings product for longer-term holders outside the United States. The launch reflects a broader trend of crypto projects experimenting with yield-bearing, equity-linked tokens while navigating regulatory boundaries.
The company is led by founder and CEO Travis VanderZanden, a longtime Bitcoin investor and former CEO of Bird, with prior leadership roles at Lyft and Uber. His move into digital assets reflects a focus on building regulated, user-trust-oriented financial tools.
