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

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

Defunct crypto lending firm BlockFi applied to the court a request to transfer the trade-only assets from its users' accounts into stablecoins, so they could be withdrawn by the individuals. The request marks another step toward the return of users' funds, a process that the company began in August.

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