Ethereum Foundation to Sell 5,000 ETH for Stablecoins

The Ethereum Foundation announced plans on Wednesday to convert 5,000 ether, valued at approximately $11 million, into stablecoins through the decentralized trading protocol CoWSwap, using its time-weighted average price mechanism to fund research, grants, and donations across the Ethereum ecosystem.

The transaction, set for execution on the same day, employs CoWSwap's TWAP feature to spread the sale over time, reducing potential market disruption from a single large order. At current prices around $2,200 per ether, the amount represents less than 5 percent of the foundation's holdings, which total about 102,000 ETH worth over $220 million, according to on-chain data. The foundation described the move as routine treasury management, aligning with its commitment to decentralized finance tools for operational stability.

This conversion follows the foundation's June 2025 treasury policy, which outlines annual operating expenses at 15 percent of total treasury value while maintaining a 2.5-year cash buffer. Shortfalls in fiat reserves trigger quarterly ETH sales, executed through permissionless, privacy-focused protocols. The policy emphasizes "DeFi-punk" principles, prioritizing...