Ethereum Foundation converts 1,000 ETH for stablecoins to fund R&D, grants

Ethereum Foundation sells 1,000 ETH via CoW Swap for stablecoins to support research, grants and DeFi funding as part of its treasury strategy.

The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives. 

The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary.

Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH.

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