DOGE refers to two distinct entities: the cryptocurrency Dogecoin and the U.S. government organization Department of Government Efficiency (DOGE). Given the query’s context in business and technology news, both are relevant but distinct.
**Dogecoin (DOGE)** is an open-source, peer-to-peer cryptocurrency created in December 2013 by software engineers Billy Markus and Jackson Palmer as a lighthearted parody of Bitcoin and the speculative crypto market[2][3]. Featuring the Shiba Inu dog from the “doge” meme as its logo, Dogecoin was designed to be fun and friendly while enabling fast, low-cost transactions using a proof-of-work consensus mechanism[3][5]. Unlike Bitcoin’s capped supply, Dogecoin has an uncapped supply with a fixed annual issuance of 5 billion tokens, making it inflationary by design[4][5]. Despite its origin as a joke, Dogecoin gained a strong online community, rapid adoption, and notable usage among retailers like Tesla and AMC[2][3]. It reached a peak market capitalization of over $85 billion in May 2021 and remains a top cryptocurrency by market cap and trading volume, valued around $0.1–$0.2 in early 2025[3][4]. Its utility extends beyond payments to philanthropic efforts such as fundraising for water projects in Kenya[4].
**The Department of Government Efficiency (DOGE)** is a U.S. federal agency created by an executive order signed by President Trump on January 20, 2025, aiming to reduce federal spending and modernize government IT systems[1][7]. The agency repurposes the existing U.S. Digital Service within the Office of Management and Budget and deploys specialized teams—including engineers and attorneys—across federal agencies to improve software, network infrastructure, and IT efficiency[1]. The acronym DOGE nods to Elon Musk’s public support of the Dogecoin cryptocurrency, reflecting a tec