Buck announced the closure of its agreement, promising a 100% return of principal and opening a redemption channel.

CoinFeed 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; the redemption channel is 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. Previously, in January, a former Uber executive launched Buck, a Bitcoin-linked savings token with an annualized return of 7%.