2026-04-09 02:32:28

Ethereum Foundation Converts 5,000 ETH to Stablecoins for Funding

On Tuesday, the nonprofit behind Ethereum's core development sold the ETH via CoW Protocol's TWAP feature, breaking it into 416.67 ETH batches swapped for DAI at around $2,240 each.

This follows their June 2025 treasury policy of quarterly sales to fund research, grants, and donations, maintaining a 15% operational buffer while targeting 5% long-term.

Reactions varied: critics called it 'dumping' that pressures prices, while supporters praised the transparency and slow execution as routine treasury management, balanced by recent staking additions.

#GateSquareAprilPostingChallenge

ETH-3,2%

COW-3,1%

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