In an ongoing collaboration with token wrapping protocol Ren, OpenDAO has enabled Dogecoin to be used as collateral to mint a dollar-pegged and doggy themed stablecoin called DOGEO. Dogecoin aficionados and investors can now take out DeFi loans using their Shiba Inu-themed digital assets as collateral. origin »
In the world of cryptocurrency, there are always interesting trends worth keeping an eye on. Whereas most people chase pumps and try to make money by doing so, others look at Dogecoin for its stable value.
Dogecoin has been outperforming most major cryptocurrencies. It is the top performer in the top 20 cryptocurrencies by market cap with the exception of the stablecoin USD Tether and the very nascent Bitcoin Cash SV.
In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.