Celsius files for permission to sell its stablecoin holdings

Bankrupt crypto lender Celsius Network on Thursday filed a request for the sale of its stablecoin holdings, in a bid to raise fund for its operations.

The request was filed with United States Bankruptcy Court Southern District Of New York.

New Jersey-based Celsius had filed for bankruptcy in New York in July, after it froze withdrawals, citing "extreme" market conditions.

Celsius currently owns 11 different forms of stablecoin, for a total of about USD 23 million.