BlockFi asks court for permission to convert trade-only assets into stablecoins

by Aurelia Butler 30 August 2023, 13:20 109 Views

On Aug. 29, BlockFi filed an application to the United States Bankruptcy Court for the District of New Jersey to authorize the conversion of the so-called trade-only assets into stablecoins. The assets in question — Algorand’s native token, ALGO, Bitcoin Cash (BCH) and Dogecoin (DOGE) — cannot be withdrawn easily, and BlockFi suggests a one-time exchange for Gemini Dollar (GUSD) or another stablecoin.

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Source: Cryptocurrency - investing.com

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BlockFi asks court for permission to convert trade-only assets into stablecoins

CNN names former New York Times CEO Mark Thompson as its chief

Chinese cities ease mortgage rules in bid to revive property sector

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