Grayscale Investments described Dogecoin as having evolved from a "memecoin" into a low-cost, fast payment tool for global financial inclusion

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Grayscale Investments described Dogecoin as having evolved from a "memecoin" into a low-cost, fast payment tool for global financial inclusion

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The Grayscale Dogecoin Trust will offer investors an opportunity to gain exposure to a token that the company believes has "transitioned from a memecoin... to a tool for global financial inclusion and a viable means of payment".

Asset manager Grayscale launched a Dogecoin Trust early Friday morning, offering institutional and accredited investors the opportunity to allocate to crypto’s original meme coin.

According to Rayhaneh Sharif-Askary, Grayscale’s head of Product & Research in the press release, “Dogecoin has matured into a potentially powerful tool for promoting financial accessibility.” She added that Dogecoin’s speed and low cost could help those who don’t have access to traditional banking systems.

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