Foundation | April 8, 2026

Foundation Starts 5,000 ETH Stablecoin Sale

The Ethereum Foundation said it is using CoWSwap's TWAP flow to turn about $11 million in ETH into stablecoins for grants, research, and operations.

The Ethereum Foundation began converting 5,000 ETH into stablecoins through CoWSwap's time-weighted order system, a sale worth about $11 million at current prices. The group said the money is for research and development, grant programs, and day-to-day operations.

Onchain transfers show the order moving in measured clips instead of one block. The Arkham-labeled Ethereum Foundation DeFi Ecosystem wallet sent repeated 416.67 WETH slices into CoW settlement contracts through the day. By late afternoon UTC, five completed fills had already brought back roughly 4.62 million DAI, with the rest of the order still working through the TWAP schedule.