Ethereum Foundation Sells 1,000 ETH for Decentralized Finance (DeFi) Development

The Ethereum Foundation has announced a plan to convert 1,000 Ether (ETH) into a stablecoin using CoWSwap’s TWAP feature. These funds will be used to support research and development, grant programs, and donations, according to the foundation’s public treasury policy. This sale is part of the foundation’s regular efforts to adjust its Ethereum holdings based on deviations from its fiat-based operating expense reserve target.