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Ethereum Foundation Converts $4.5M in ETH to Stablecoins via CoWSwap


by Peter Mwangi
for CoinEdition

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EF Converts ETH to Stablecoins Amid Treasury Overhaul
  • Ethereum Foundation converts 1,000 ETH via CoWSwap to fund research and ecosystem grants.
  • Leadership restructuring and paused grants mark EF’s internal shift toward efficient operations.
  • Ethereum retains 68% of DeFi market share, exceeding $100B in total value locked.

The Ethereum Foundation (EF) has disclosed plans to convert 1,000 ETH, valued at approximately $4.51 million, into stablecoins. The proceeds will be directed toward research funding, grants, and ecosystem donations. The conversion will be completed through the decentralized exchange CoWSwap, utilizing a Time-Weighted Average Price (TWAP) mechanism to prevent market disruption and support the foundation’s DeFi-focused operations.

According to the announcement, the sale aligns with EF’s long-term strategy to strike a balance between treasury stability and participation in decentralized finance. Wh…

Read The Full Article Ethereum Foundation Converts $4.5M in ETH to Stablecoins via CoWSwap On Coin Edition.

Read the article at CoinEdition

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Tether Shuts Down CNH₮ Stablecoin Due to Low Demand and Market Pressures

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Ethereum Foundation Converts $4.5M in ETH to Stablecoins via CoWSwap


by Peter Mwangi
for CoinEdition

Share:

EF Converts ETH to Stablecoins Amid Treasury Overhaul
  • Ethereum Foundation converts 1,000 ETH via CoWSwap to fund research and ecosystem grants.
  • Leadership restructuring and paused grants mark EF’s internal shift toward efficient operations.
  • Ethereum retains 68% of DeFi market share, exceeding $100B in total value locked.

The Ethereum Foundation (EF) has disclosed plans to convert 1,000 ETH, valued at approximately $4.51 million, into stablecoins. The proceeds will be directed toward research funding, grants, and ecosystem donations. The conversion will be completed through the decentralized exchange CoWSwap, utilizing a Time-Weighted Average Price (TWAP) mechanism to prevent market disruption and support the foundation’s DeFi-focused operations.

According to the announcement, the sale aligns with EF’s long-term strategy to strike a balance between treasury stability and participation in decentralized finance. Wh…

Read The Full Article Ethereum Foundation Converts $4.5M in ETH to Stablecoins via CoWSwap On Coin Edition.

Read the article at CoinEdition

In This News

Share:

In This News

Share:

Read More

Tether Shuts Down CNH₮ Stablecoin Due to Low Demand and Market Pressures

Tether Shuts Down CNH₮ Stablecoin Due to Low Demand and Market Pressures

The largest stablecoin issuer, Tether, has said that it decided not to support its of...
Tether Discontinues Support for CNH₮ Shifting Strategy

Tether Discontinues Support for CNH₮ Shifting Strategy

Tether announced it will discontinue support for its offshore yuan stablecoin CNH₮ af...