The organization #DogeOS has revealed the development of USDoge, the first #stablecoin backed by #DOGE.

USDoge will allow users to use DOGE as collateral in a smart contract to generate a digital dollar, aiming to provide uninterrupted access to decentralized finance (DeFi) for the Dogecoin community.

This development comes after DogeOS raised USD 6.9 million to fund its application layer, with the goal of making DeFi accessible and providing new opportunities for DOGE users.