"Current Status of Dogecoin in the Zhenyu 2022 Repayment Announcement"


Can you give me the latest update on Dogecoin by Zheng Yu and the 2022 repayment announcement, please?

2023-06-04 06:21

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Release time 2023 06 04

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Release time 2023 06 04

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Release time 2023 06 04

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On August 31, 2021, China's leading real estate developer, Evergrande Group, announced that it plans to repay its outstanding debt by issuing a special cryptocurrency called "Dog currency" (狗狗币) to its investors. This caused a frenzy in the crypto market, with the price of Dog currency skyrocketing overnight.

However, on October 4, 2021, Evergrande Group released a repayment announcement for the 2022 bond issue, which stated that it will repay the bond in cash rather than in Dog currency. This decision led to a sharp drop in the price of Dog currency.

As of October 6, 2021, the price of Dog currency has continued to decline, and there is still uncertainty surrounding its future performance in the market. Investors are advised to exercise caution when considering investing in Dog currency.

Release time 2023 06 04

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