On March 23, 2025, House of Doge – a newly established organization to promote Dogecoin (DOGE) – announced a reserve of 10 million DOGE (~1.83 million USD) to turn the leading meme coin into a global payment method. Unlike strategic Bitcoin reserves, this DOGE reserve is not for economic 'hedging', but a liquidity pool for merchants. Is this a turning point for DOGE, or just a 'promise that the wind will carry away'?
DOGE Reserve: 10 Million Tokens for Payments
House of Doge dedicates 10 million $DOGE to build a payment platform, ensuring liquidity and stability. Michael Galloro, a council member of House of Doge, stated: “This strategic reserve helps connect blockchain transaction processing times with practice, making Dogecoin practical for everyday shopping.” Currently, DOGE (~0.183 USD, CoinGecko) is up 7% in 24 hours but down 25% in the month amid a market downturn.
Unlike Strategic Bitcoin Reserves (proposed by Trump), which hedge against instability, the DOGE reserve focuses on supporting transactions. #HouseOfDoge aims to address the blockchain speed issue – a barrier for crypto in traditional payments.
Goal: DOGE Becomes 'People's Money'
House of Doge aims to turn DOGE into 'the currency of the people' through:
Liquidity pool: 10 million DOGE ready to process transactions quickly, reducing wait times.
Reward program: Encouraging merchants and users to accept DOGE.
Strategic partnership: Major partner announcement expected in the coming months.
This is a 'test case' to prove that DOGE can transcend its image as a fun meme coin and become a practical payment tool. Decrypt has contacted House of Doge but has not received a response.
DOGE Recognized: From ETFs to Car Racing
Dogecoin is being elevated:
ETF: Grayscale and Bitwise file for #ETFDOGE to increase financial legitimacy.
Indy 500: Shiba Inu logo will appear on the car and cap of racer Devlin DeFrancesco at the May 2025 race.
These steps, along with the reserve, strengthen DOGE's position amid the wave of crypto adoption from organizations and businesses.
Impact on the Crypto Market
DOGE: Price up 7% (~0.183 USD) due to news, but down 25% in the month shows pressure from the overall trend (BTC ~84,150 USD).
Payment: If successful, DOGE could compete with stablecoins in daily transactions.
Meme coin: The seriousness of House of Doge could inspire projects like $SHIB , $PEPE .
Why is House of Doge Doing This?
Speed: The slow blockchain (10 minutes/block on DOGE) is a barrier; the reserve allows for instant transactions.
Practicality: DOGE needs to move beyond the 'joking' image (once boosted by Elon Musk) to be widely accepted.
Community: With a large fanbase, DOGE has the potential to become 'the people's currency' if supported correctly.
Not Small Risks
Volatility: DOGE's 25% drop last month indicates instability, which could shake merchants' confidence.
Competition: Stablecoins (USDT, USDC) have dominated crypto payments, DOGE needs to excel to gain a foothold.
Success: If the partner is not large enough or the plan fails, the 10 million DOGE reserve could become a 'dead money pile'.
Conclusion: Will DOGE Be the Future of Payment or Just a Dream?
House of Doge's 10 million DOGE reserve is a bold move to turn the meme coin into a global payment tool. With a liquidity pool, reward programs, and upcoming partnerships, DOGE (~0.183 USD) is dreaming of stepping out of the 'funny Shiba Inu' shadow. But amid a declining market and fierce competition, the big question remains: Will this 1.83 million USD turn DOGE into 'real money', or is it just a gimmick that blooms early and fades late? As Indy 500 approaches, all eyes are on House of Doge – and that Shiba dog.
Risk warning: Crypto investment carries high risks due to price volatility. Consider carefully before participating.