Dogecoin gains Paxos support in push for broader institutional adoption
Dogecoin’s corporate foundation arm partnered with Paxos to make DOGE available on Paxos’ brokerage and custody infrastructure. This lets Paxos’ fintech, payments, and institutional clients evaluate DOGE for possible integration into their own products, though it does not automatically mean firms like PayPal, Venmo, Interactive Brokers, or Mercado Libre will offer it. The move could widen access to Dogecoin through regulated channels, but adoption remains uncertain. DOGE is still the largest memecoin by market cap, yet institutional demand is well below Bitcoin and Ether. Some interest is emerging, including Grayscale’s Dogecoin Trust and approval for a U.S. Dogecoin ETF listing by 21Shares. The partnership comes during a weak period for digital assets overall. Crypto investment products have posted three straight weeks of heavy outflows, and retail adoption has also softened, signaling subdued market appetite despite pockets of institutional activity.
