Ethereum Foundation Sells 5,000 ETH for 11.1 Million DAI
According to Odaily Planet Daily, blockchain tracker Onchain Lens monitored a transaction in which the Ethereum Foundation exchanged Ether for the dollar-pegged stablecoin DAI.
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Summary
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Terms & Concepts
DAI: A dollar-pegged stablecoin designed to maintain a value close to one U.S. dollar.
On-chain monitoring: The practice of tracking blockchain transactions in real time using public ledger data.
Ethereum Foundation: A nonprofit organization that supports development and research related to the Ethereum blockchain.