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Celsius Asks for Court’s Permission to Sell Stablecoin Holdings

According to new court filings, Celsius Network has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations. The troubled crypto lender owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.