Bucket Protocol BUCK Stablecoin

BUCK is an over-collateralized stablecoin issued by Bucket Protocol, a Collateralized Debt Position protocol running on the Sui blockchain. Its purpose is to let users unlock liquidity from assets they already hold — including SUI, BTC, ETH, and liquid staking tokens — by depositing those assets as collateral and minting BUCK against them. The stablecoin is designed to track the US dollar, giving holders a dollar-denominated unit they can use within the Sui ecosystem without selling their underlying collateral.

When a user deposits eligible collateral into Bucket Protocol on the Sui network, the protocol mints BUCK up to a limit determined by the collateral's value, keeping the system over-collateralized so that each BUCK in circulation is backed by more than one dollar's worth of assets. The token itself carries no native consensus algorithm, as it inherits Sui's own settlement layer rather than operating its own chain. BUCK can be redeemed or the position can be closed by returning BUCK to the protocol and reclaiming the underlying collateral.

The data provided does not include a fee revenue figure, so no fee-based measures for this asset appear on this site. What the data does show is a circulating stablecoin supply of 25,895,772.68 BUCK at the point of measurement, a 30-day supply change of approximately negative 0.06 percent, and a 24-hour turnover ratio of roughly 1.59, meaning the dollar volume traded in one day was about 1.59 times the circulating supply. Without disclosed fee flows, it is not possible to describe who collects protocol revenue or in what form.