PANews reported on April 18th that Buck, a savings-oriented stablecoin project, announced it is gradually ending the operation of the Buck protocol and token to make room for future projects. All holders will receive a 100% return of their principal. STRC and USDC support remains in effect and is over-collateralized; redemption channels are open. The team will keep the redemption window open until all holders have redeemed their tokens. The team stated that it is fully committed to new projects.

In January, it was reported that a former Uber executive launched Buck, a savings token pegged to Bitcoin, with an annualized return of 7%.