Celsius Files for Permission to Sell Stablecoin Holdings

Bankrupt cryptocurrency lending firm Celsius Network has filed an application to the court for authorization to sell its stablecoin holdings in a bid to generate liquidity to continue its daily operations. Celsius Network, which is currently in Chapter 11 bankruptcy proceeding before the U.S. Bankruptcy Court for the Southern District of New York has asked the court for permission to sell its stablecoin holdings.