Grayscale has launched a new trust offering exposure to Dogecoin (DOGE), emphasizing its potential for enhancing global financial accessibility due to low transaction costs and quick transfer speeds. Rayhaneh Sharif-Askary, Grayscale's head of product and research, highlighted DOGE’s suitability for international remittances, especially in regions with limited banking. This launch follows a wave of applications by asset managers for Dogecoin exchange-traded funds (ETFs) after the recent political shift, significantly boosting the token's market interest and tripling its price over the past year.DOGE has become the largest memecoin, with a market cap nearing $50 billion.
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Original Source: CoinDesk
