The Dogecoin Foundation is making waves as it takes a bold step to transform DOGE from a meme coin into a practical payment currency. In February, the Foundation's corporate arm, House of Doge, entered a five-year partnership and purchased over 10 million DOGE tokens—worth more than $1.8 million—as part of a new reserve strategy.
House of Doge is now the official commercialization partner for Dogecoin. Their goal is to show that DOGE can be used for everyday payments at very low fees, moving away from its previous reputation as just a fun, viral token. The team plans to announce exciting partnerships with various payment processors in the coming months, further boosting DOGE’s real-world usability.
This strategic reserve is designed to provide liquidity, stability, and reliability. “With a strategic reserve, we can bridge the gap between transaction processing times and real-world usability, making Dogecoin extremely practical for everyday purchases,” said Michael Galloro, a board-elect member of House of Doge.
Even though DOGE experienced high gains during the run-up to President Trump’s election, it has faced a sell-off since January, with prices dropping over 30%. Despite this, the new reserve strategy shows confidence in DOGE’s long-term potential. The move signals that the Dogecoin Foundation is ready to work closely with traditional finance players to build a robust payments ecosystem.
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