Dogecoin Labs formed with Dogecoin Foundation to build economy supporting $1 price goal

Dogecoin Labs launched on October 21 in partnership with the Dogecoin Foundation, unifying three key products—MyDoge wallet (with over 500,000 users), DogeOS app layer (public testnet opened September 30), and Such App payments tool (in beta)—under CEO Jordan Jefferson. The agreement involves House of Doge (HODO) moving parts of its operations to Labs in exchange for an undisclosed equity stake, while the Foundation maintains its role in open-source development. Despite the community's long-standing $1 price goal, DOGE traded at $0.0799 at press time, having lost 36.8% since January 1, and US spot Dogecoin ETFs posted net outflows of $538,029 from October 1 to 13.