On March 25, the Dogecoin Foundation officially launched the "Official Dogecoin Reserve" through its newly established business entity and has completed the purchase of the first 10 million DOGE. This initiative, jointly promoted by the Foundation and House of Doge, aims to demonstrate the feasibility of DOGE as an efficient payment tool. House of Doge stated that the reserve is a "proof of concept" for Dogecoin's payment scenarios. The Foundation said it will collaborate with merchants in the future to enable instant payments at checkout with Dogecoin, avoiding traditional blockchain delays and providing a transaction experience equivalent to fiat currency payments. House of Doge expects to announce its first batch of strategic partners in the coming months to further promote DOGE's global payment applications.
Additionally, the Dogecoin Foundation revealed that it is communicating with US government officials to explore introducing DOGE payments in scenarios such as urban parking and public utility payments, and plans to promote DOGE wallets and educational activities through major sporting events.