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BUCK profile facts

Bucket Protocol BUCK (BUCK) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.

Other coins using the BUCK ticker

  • Buck (BUCK) · Frozen · US Dollar. BUCK was Bridge Building's USDC-redeemable savings stablecoin backed by Strategy Inc. preferred stock (STRC) before its April 2026 wind-down.
Collateral
SUI, BTC, ETH, and LSTs via CDPs; USDC/USDT via Peg Stability Module
Peg mechanism
Legacy BUCK used overcollateralized CDPs, collateral redemption, a USDC/USDT Peg Stability Module, and Tank liquidations. Bucket now offers fee-free 1:1 BUCK-to-USDB migration; its documented phase 2 is exit-only with BUCK minting disabled.
Jurisdiction
Not disclosed in the static profile.
Proof of reserves
No proof-of-reserves entry in the static profile.
Contracts
1 deployment tracked across Sui.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

BUCK quick answers

5
What is Bucket Protocol BUCK (BUCK)?

BUCK is Bucket Protocol's legacy Sui stablecoin. Bucket's current V2 stablecoin is USDB; the official migration converts BUCK to USDB 1:1. The static profile records its US Dollar peg mechanism as: Legacy BUCK used overcollateralized CDPs, collateral redemption, a USDC/USDT Peg Stability Module, and Tank liquidations. Bucket now offers fee-free 1:1 BUCK-to-USDB migration; its documented phase 2 is exit-only with BUCK minting disabled.

Is BUCK safe?

As of Oct 24, 2026, Pharos grades BUCK D (43/100) on its Safety Score. Pharos's reviews record that no direct power to freeze holders was found on its material deployments, and any holder can use its reviewed redemption route. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs BUCK?

Pharos records BUCK's reserves as of Jul 27, 2026 as 91.8% BUCK V1 stable-swap LP reservoir positions, 6.1% BUCK V1 CDP bucket collateral (36 non-zero buckets), and 2.1% BUCK V1 Reservoir stablecoin balances. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.

Can BUCK be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope.

How do you redeem BUCK?

Under the route Pharos reviewed on Oct 20, 2026, any holder can redeem BUCK for USDC and USDT. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.