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Buck Foundation Introduces Borderless Savings Coin Backed by Institutional Strength

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bitcoin.com
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2 months ago
AI summarizes in 5 seconds.

The Buck Foundation has launched a digital asset engineered to deliver predictable returns and minute‑by‑minute earnings. The new product is said to offer holders 7% annual rewards that accrue continuously, positioning itself as a savings‑oriented alternative to today’s stablecoins.

Central to the digital asset known as Buck’s credibility is the Buck Foundation’s decision to back it with its holdings of Strategy’s perpetual preferred stock (STRC). STRC, a bitcoin‑collateralized instrument, pays Buck’s treasury monthly returns at a variable annual rate. Buck token holders then vote on how those earnings are distributed, creating a transparent savings community rooted in STRC’s overcollateralization and established financial framework.

This structure, the team says, ties Buck directly to a proven financial asset, ensuring that its reward model is supported by institutional strength rather than speculative volatility.

Buck Labs, the U.S. technology company behind the project, is led by founder and CEO Travis Vanderzanden, a long‑time bitcoin investor. Vanderzanden, who previously held senior roles at Lyft and Uber, said the savings coin will be accessible to everyone.

“People want a simple way to earn rewards in crypto without becoming speculators, and that is exactly what Buck is designed to provide,” Vanderzanden said. “By offering access to the Bitcoin Dollar with 7% rewards, we aim to make saving in crypto intuitive and accessible for everyone.”

Priced initially at $1 per token, Buck allows 24/7 trading and rewards that accrue based on the precise time tokens are held. Investors can enter and exit directly in cryptocurrency, bypassing fiat conversions and traditional banking infrastructure. The goal is to deliver a borderless and user‑friendly savings experience. Whether that ultimately comes to fruition remains a matter only time can resolve.

Meanwhile, Vanderzanden also framed Buck’s role as complementary to stablecoins: “ Stablecoins act as the checking account, providing liquidity for daily activity. Buck is positioned as the high‑reward savings coin, delivering dependable returns and financial discipline. Our goal is to make consistent savings a core financial function of crypto.”

  • What is Buck? Buck is a U.S.‑launched digital savings coin offering 7% annual rewards that accrue continuously.
  • How is Buck backed? Buck is supported by Strategy’s bitcoin‑collateralized perpetual preferred stock (STRC), ensuring institutional strength.
  • Who leads Buck Labs? Founder and CEO Travis VanderZanden, a U.S. tech veteran from Lyft and Uber, drives the project.
  • How does Buck differ from stablecoins? Stablecoins act as checking accounts, while Buck positions itself as the high‑reward savings coin.

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