Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
House of Doge starts 10M DOGE reserve to boost adoption

House of Doge starts 10M DOGE reserve to boost adoption

GrafaGrafa2025/03/25 13:40
By:Liezl Gambe

House of Doge, a new corporate arm of the Dogecoin Foundation, has launched the "Official Dogecoin Reserve" to promote Dogecoin’s (CRYPTO:DOGE) use as a payment currency.

The reserve started with an initial purchase of 10 million DOGE, valued at $1.8 million.

One of the primary goals of the reserve is to address issues related to slow transaction times, which have hindered cryptocurrencies from being widely adopted for everyday payments.

“By maintaining a reserve, we can bridge the gap between transaction processing times and real-world usability, making Dogecoin extremely practical for everyday purchases,” Michael Galloro, a member of the House of Doge Board-Elect, stated.

Dogecoin’s transaction processing time is already relatively fast, averaging around one minute, making it an attractive option for businesses looking for a quick and reliable payment method.

In addition to speed, Dogecoin offers a lower transaction fee compared to traditional banking and credit card methods.

The average Dogecoin transaction fee stands at 0.341 DOGE (about $0.063), making it a cost-effective option for merchants.

House of Doge also highlighted the benefits of Dogecoin’s inflationary supply model.

Unlike Bitcoin (CRYPTO:BTC), which has a fixed supply, Dogecoin adds approximately 5.2 billion new coins to circulation each year, ensuring a steady supply of liquidity suitable for daily transactions.

“With a strategic reserve, House of Doge is laying the foundation for a payments ecosystem that ensures liquidity, stability, and reliability,” Galloro emphasised.

At the time of reporting, the Dogecoin (DOGE) price was $0.1828.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

IOTA collaborates on the ADAPT project: Building the future of digital trade in Africa together

IOTA is collaborating with the World Economic Forum and the Tony Blair Institute for Global Change on the ADAPT project. ADAPT is a pan-African digital trade initiative led by the African Continental Free Trade Area. Through digital public infrastructure, ADAPT connects identity, data, and finance to enable trusted, efficient, and inclusive trade across Africa.

深潮2025/11/17 19:33
IOTA collaborates on the ADAPT project: Building the future of digital trade in Africa together