The Uniswap Foundation holds $41.41 million worth of fiat and stablecoins and 730,000 UNI

The Uniswap Foundation, the non-profit organization behind Uniswap, recently shared its financials just days before the community voted to enable and distribute fees on its own. According to the balance sheet shared by the foundation, as of the end of the first quarter, the foundation held $41.41 million worth of fiat and stablecoins, as well as 730,000 UNI tokens. The fiat and stable coins are used for grant commitments and operational activities, while the UNI tokens are used for employee incentives.