Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy

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 acc ...