Bucket Protocol BUCK Stablecoin Price

Bucket Protocol BUCK Stablecoin (BUCK) is a cryptocurrency. Classified squarely as an asset-backed, USD-pegged stablecoin, it anchors the Bucket Protocol, a collateralized debt position (CDP) framework deployed exclusively on Sui.

The protocol lets users deposit liquid staking tokens, SUI, BTC, and ETH into smart-contract vaults and mint BUCK against that collateral. This mechanism sidesteps the need to sell appreciating assets, delivering a synthetic dollar that remains liquid across Sui’s decentralized finance applications. Because the loans are perpetually over-collateralized, the system enforces solvency through automated liquidations when collateral ratios dip below predetermined thresholds.

Bucket Protocol BUCK Stablecoin operates on the Sui network. Sui’s object-centric data model and parallel execution engine underpin the protocol, allowing the CDP positions to be represented as composable, mutable assets that can move freely between applications.

The token contract, logged at 0xce7ff77a83… on Sui’s mainnet, adheres to the network’s native coin standard. Minting and burning events are triggered directly by user actions within the Bucket Protocol frontend, and the entire codebase is implemented in Move, a bytecode language optimized for safety and formal verification. While specific block times and validator details are not inherent to the token, its operations inherit Sui’s low-latency settlement and sub-second finality.

No individual founders are named in the project’s public artifacts. A whitepaper hosted on GitHub delineates the protocol’s design, and the source code is openly developed under the Bucket Protocol organization. The absence of a splashy genesis narrative belies a quiet engineering focus that aligns with the broader expansion of the Sui DeFi landscape.

The ultimate ambition is a censorship-resistant unit of account that preserves a soft peg to the U.S. dollar without relying on centralized custodians. By decoupling stablecoin issuance from reserve banking, the protocol aims to harden DeFi against gatekeeper interference and provide a trustless liquidity layer for Sui’s financial primitives.

Inside the Bucket machine, BUCK acts strictly as the debt token. A user deposits collateral and the protocol authorizes a drawdown of BUCK up to the collateral’s loan-to-value limit; repaying the BUCK plus a stability fee destroys the debt and unlocks the locked assets. The token has no governance rights, no staking yield, and no intrinsic revenue share—its utility begins and ends with the mint-and-repay cycle.

Market participants hold BUCK to transact across Sui’s swap pools, money markets, and leverage aggregators without exposure to native token volatility. Liquidity providers deploy BUCK pairs on decentralized exchanges to earn fees from the continuous trading activity that 29 active markets generate. Arbitrageurs buy and sell BUCK to restore parity when the market price deviates from the dollar, pocketing the spread while reinforcing the peg.

Bucket Protocol BUCK Stablecoin has a total supply of 26,126,014.58 tokens. Currently, 26,126,014.58 are in circulation. The supply expands and contracts algorithmically as users mint and burn BUCK against collateral positions, with no fixed maximum cap. With a market capitalization of $26,108,388.00, Bucket Protocol BUCK Stablecoin ranks #743 among all cryptocurrencies.