Bucket Protocol BUCK Stablecoin (BUCK) is a crypto-backed US dollar stablecoin. It has about $25.9M in circulation, ranking #100 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
BUCK price
$0.9975
On peg Circulating supply
$25.9M
30-day change
-0.2%
Price
$0.9975
Blockchains
1
Tracked since
Jan 2024
What is BUCK?
Bucket Protocol BUCK Stablecoin (BUCK) is a crypto-backed US dollar stablecoin. It has about $25.9M in circulation, ranking #100 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: BUCK is a USD-pegged stablecoin users can mint by depositing collateral assets into Bucket. BUCK is backed by multiple types of over-collateralized digital assets, like BTC, ETH, and SUI.
BUCK supply history
$47.1M$24.3M
Oct 8, 2025Oct 8, 2026
$73.9M$0
Jan 23, 2024Oct 8, 2026
BUCK supply fell 0.2% over the past 30 days, to $25.9M. Its peak was $75.2M in August 2025, and supply is 66% below that high.
Is BUCK holding its peg?
Last price
$0.9975
Target
1.0000 USD
Status
On pegBUCK is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where BUCK lives: supply by blockchain
Supply is concentrated: Sui holds 100% of all BUCK. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How BUCK is backed
BUCK is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: BUCK aligns with the USD via "hard" and "soft" peg mechanisms. The "hard" peg is due to the redeemable nature of BUCK for SUI and a minimum collateral ratio of 110%. The "soft" peg comes from BUCK's perceived value equalling USD, and a borrowing fee that rises as more BUCK is redeemed, reducing BUCK supply.
Reserve reports and audits: github.com
BUCK risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $25.9M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
BUCK vs USDT and USDC
Similar crypto-backed stablecoins
See all →
BUCK in the news
Atkins ties Solana summit remarks to SEC crypto framework
Crypto Market Cap Flatlines at $2.27T as BTC Dominance Hits 56.6% and Fear & Greed Sinks to 27
First US-Japan Joint Yen Intervention in 28 Years Sends Bitcoin Down 2%, Revives Carry Trade Unwind Fears
BUCK FAQ
What is BUCK?
Bucket Protocol BUCK Stablecoin (BUCK) is a crypto-backed US dollar stablecoin. It has about $25.9M in circulation, ranking #100 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is BUCK pegged 1:1 to the US dollar?
BUCK targets 1 USD. At the last update it traded at $0.9975, a deviation of -0.25%, which we classify as "on peg".
What backs BUCK?
BUCK is a crypto-backed stablecoin. BUCK is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is BUCK on?
BUCK is live on 1 blockchain. The largest by supply are Sui ($25.9M).
How much BUCK is in circulation?
About $25.9M of BUCK was in circulation at the last update, -0.2% over 30 days. That makes it the #100 stablecoin by supply among those we track.
Is BUCK safe?
No stablecoin is risk-free. As a crypto-backed design, BUCK's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.