Dogecoin Foundation’s Corporate Division Launches “Official Dogecoin Reserve” to Facilitate Global Merchant Transactions

Dogecoin Foundation’s New Business Division Launches The Official Dogecoin Reserve

On Monday, the newly established business division of the Dogecoin Foundation, House of Doge, announced the launch of “The Official Dogecoin Reserve.” This initiative aims to position Dogecoin as a mainstream global payment solution. To activate this reserve, the organization has purchased 10 million Dogecoins (approximately worth $1.83 million).

Unlike other financial reserves, such as Bitcoin strategic reserves, this Dogecoin reserve is not intended to hedge against economic uncertainty but serves as a liquidity fund to facilitate transactions for global merchants. House of Doge, committed to promoting Dogecoin adoption through corporate transactions and trading, stated in a press release:

“In order to transform Dogecoin into ‘the people’s currency,’ House of Doge will launch reward programs and incentivize merchants to adopt Dogecoin payments, such as cashback schemes.” According to the announcement, the organization will reveal its first wave of strategic partnerships in the coming months.