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Zama: The court has lifted the freeze on Zama's cUSDC contracts.
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Zama founder Rand posted on the X platform that a US court has lifted the freeze on Zama's cUSDC contract, and all systems have returned to normal. Last Friday, without prior notice, the court ordered Circle to freeze a contract holding USDC in the Zama protocol. This freeze was not against Zama or privacy, but rather concerned a stakeholder dispute related to another protocol, Overnight Finance. The court has now ruled the freeze unfounded and lifted it. Zama stated that this incident will not affect its confidence in USDC as a core asset, and the cUSDC product will launch as planned later this month, with $5 million in USDC deposited from its own treasury to support the product.