Benzinga - The Ethereum (CRYPTO: ETH) Foundation has converted 1,700 ETH, valued at approximately $2.76 million, into Circle’s USDC (CRYPTO: USDC) stablecoin.
What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC." The Ethereum Foundation, a non-profit organization executed this transaction via Uniswap.
The Ethereum Foundation has just sold 1.7K $ETH ($2.76M) for $USDC.Address:https://t.co/OaZKMXdfBw pic.twitter.com/z5tqZk3eCF
— Scopescan (