ForrestHODL The MSTR backed Stablecoin is here $BUCK | full deep dive.
Jan 23, 2026
A deep dive into a new MSTR‑backed stablecoin called Buck and how its 7% yield is engineered. They unpack the token mechanics, treasury composition and payout cadence. The conversation covers governance, redemption and liquidity risks plus regulatory and UX limits. They compare Buck to other yield options and assess how it indirectly funds Bitcoin acquisition.
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Buck Routes STRC Dividends To Holders
- Buck is a crypto token that routes STRC dividends to holders and targets a $1 peg with a 7% yield.
- Forrest explains it is an indirect mechanism that uses STRC returns rather than direct Bitcoin backing.
ERC‑20 Structure With Yield But Not A Classic Stablecoin
- Buck is an ERC‑20 token on Ethereum with real‑time accrual and monthly payouts but is not a traditional stablecoin.
- Forrest highlights it advertises no staking or lockups yet relies on STRC dividends and on‑chain fees.
Don't Ignore Jurisdictional Restrictions
- Avoid assuming regulatory clarity; Buck tokens are restricted to non‑US persons and may face legal uncertainty.
- Forrest warns the product exists in a gray area and likely avoids US issuance due to regulatory risk.