The Dogecoin Foundation has launched an official DOGE reserve, purchasing an initial batch of 10 million coins.

BlockBeats reported that on March 25, the Dogecoin Foundation officially launched the "Official Dogecoin Reserve" through its newly established commercial entity, and has completed the purchase of the first batch of 10 million DOGE. The initiative was jointly promoted by the Foundation and the House of Doge to demonstrate the viability of DOGE as an efficient payment tool. According to House of Doge, the reserve is a "proof of concept" for the implementation of the Dogecoin payment scenario. The foundation said it will work with merchants in the future to enable Dogecoin to achieve instant payments at checkout, avoiding traditional blockchain delays and achieving the same transaction experience as fiat payments. House of Doge expects to announce its first strategic partners in the coming months to further drive DOGE's global payment adoption. In addition, the Dogecoin Foundation revealed that it is communicating with relevant people in the U.S. government to explore the introduction of DOGE payment in urban parking, public utility payment and other scenarios, and plans to promote DOGE wallet and educational activities with the help of large-scale sports events.