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05/10/25 08:40 UTC-04

Ethereum Foundation converts 1,000 ETH worth $4.5 million into stablecoins

The Ethereum Foundation has converted 1,000 ETH, worth nearly $4.5 million, into stablecoins.
The transaction was executed via CoWSwap using a TWAP (Time-Weighted Average Price) strategy to minimize market impact and support the organization’s DeFi-focused mission.

“We converted 1,000 ETH into stablecoins using CoWSwap’s TWAP function as part of our ongoing efforts to fund research, development, grants, and donations — and to demonstrate the capabilities of DeFi,” the organization wrote on social media.

The foundation follows a treasury management policy aimed at balancing higher-than-benchmark returns with responsible ETH stewardship, emphasizing decentralized finance (DeFi).

It also seeks to protect its budget from crypto volatility by periodically converting ETH into fiat-backed assets.
The Ethereum Foundation did not specify which stablecoins were received in this conversion.

Earlier this year, the foundation underwent a restructuring, and grant applications under the Ecosystem Support Program were temporarily suspended.
In April, the organization appointed two co-executive directors — Xiao-Wei Wang and Tomasz K. Stanczak.

See also: "Bitcoin: decline after record high, driver — ETF"

#Ethereum (ETH) #Stablecoins

Editor: Pereyidenko Ihor
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