Dogecoin Labs Launches to Push DOGE Into Payments and DeFi

TL;DR Dogecoin Labs has launched with the backing of the Dogecoin Foundation, bringing MyDoge, DogeOS, and Such App together under one organization. The company aims to expand DOGE’s use in payments, commerce, decentralized finance, and gaming. DOGE has struggled to attract sustained investment through traditional financial products. Bitwise announced plans to close its DOGE ETF. Dogecoin Labs launched with the backing of the Dogecoin Foundation to develop applications and services that expand the use of DOGE . The new organization brings together MyDoge, DogeOS, and Such App under the leadership of Jordan Jefferson, who has taken over as CEO. The company will operate independently and focus on payments, commerce, decentralized finance (DeFi), gaming, and consumer applications . The Foundation will continue to oversee open-source development and the ecosystem.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.