DOGE doubled, it’s Kabosu’s birthday, why not drop the biggest news Doge has seen recently?
Introducing wDoge. Wrapped Dogecoin on the Ethereum chain. Oh, not to mention that BitGo now offers Dogecoin for hot wallets and qualified custody to its institutional client base.
We have the deets!
The wDoge DAO is an initiative from BitGo, the Dogecoin Foundation, BluePepper, and the MyDoge wallet. BitGo brings our expertise from WBTC to the table, ensuring strong design and world class security.
The DOGE ⇄ Ethereum bridge is no small undertaking. This project has been discussed for the better part of a decade with contributions from crypto trailblazers such as Ross Nicoll and Vitalik Buterin. With potentially billions of dollars of value to be bridged across the two chains, it’s important to get it right.
What does this mean for me?
As of the time of writing, Dogecoin is the 8th largest cryptocurrency with a total market capitalization of over $18 billion. Unlocking this value onto the Ethereum chain for use in DeFi and more gives DOGE holders the ultimate flexibility with your assets.
Using the wDoge bridge, Dogecoin holders will be able to interact with decentralized applications on the Ethereum blockchain. Possibilities include lending, liquidity mining, voting on governance proposals, and more.
How it works
All wDoge is backed by native DOGE at a 1:1 ratio.
There are a number of important participants that are essential to the proper functioning of the DOGE ⇄ Ethereum bridge.
The primary function of merchants is to distribute wDoge to users and communicate with the smart contracts that mint new wDoge and burn redeemed wDoge.
Once a user indicates they would like to wrap their DOGE, merchants send the DOGE plus minting fees to the custodian. As in the case of WBTC, BitGo serves as the custodian for wDoge, safeguarding deposited funds using the security measures outlined above.
When a user indicates that they would like to redeem their wDoge for native DOGE, the process is reversed. The merchant burns wDoge which triggers a request for the custodian (BitGo) to return DOGE to the merchant’s deposit address (less fees). BitGo initiates a withdrawal of DOGE to the merchant deposit address.
Getting Started
To get started using wDOGE and Dogecoin with BitGo, sign up here. Our team will reach out to you.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
©2025 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.