The Dogecoin Foundation Has Quoted a Tweet by Its Director Timothy Stebbing, in Which He Spoke of Plans to Make Global Adoption of Dogecoin a Reality in the Future

The official account of the Dogecoin team has quoted a tweet by the director of the Dogecoin Foundation Timothy Stebbing, in which he spoke of plans to make global adoption of Dogecoin

The official Dogecoin account shared a tweet by Timothy Stebbing, director of the Dogecoin Foundation, on his plans to make global Dogecoin adoption a reality.

According to Stebbing, the Foundation is currently working on some major partnerships that will be announced soon.

However, he noted that the Foundation’s legal team has asked him not to reveal the names of the companies yet.

A major press release will be coming out in the first week or two of March, which will unveil all the details. There will also be X Spaces to follow.

Stebbing also shared some interesting details about the Foundation’s work and approach to partnerships.

He said that the Foundation has been approached by multiple corporations offering millions of dollars to help promote Dogecoin around the world.

However, Stebbing said that he did not believe their interest in DOGE was genuine. All they were after was “just cross-brand potential to ride off the good name of the Dogecoin community.”

Meanwhile, he said, the Foundation has been operating as a small development team “solely on the kind donations of a few generous people.”

Rejecting those millions of USD was pretty hard, Stebbing admitted. However, he added: “We have always said internally at the Foundation that we would rather shut down than throw the Dogecoin community and ethos under the bus.”

However, recently, they were approached by a group of top U.S. investors who want to integrate Dogecoin in their organizations and help DOGE adoption as a means of payment across the U.S.

Eventually, the Dogecoin Foundation entered into a five-year partnership with an entity called “House of Doge” that will become the official commercialization partner of the Dogecoin Foundation.

Now, the latter can afford to double its development team and focus solely on DOGE development. They will be also partnering with large scale sporting events on a series of "Dogecoin activations."

Besides, instead of selling the mined DOGE, the Foundation plans to create a large Dogecoin Reserve & Treasury to help with liquidity to corporate DOGE adopters in the U.S. in the future and to onboard new Dogecoin users.