Zama's cUSDC Contract Unfreeze Restores Operations

Zama, a privacy protocol, has announced that the freeze on its cUSDC contract has been lifted, restoring all systems to normal. According to Foresight News, the freeze was initially imposed by a U.S. court without prior notice, requiring Circle to temporarily freeze a $12.5 million contract held by Zama. The court has since deemed the freeze unreasonable and revoked the temporary restraining order (TRO), allowing Zama's cUSDC contract and assets to be fully restored. Despite the incident, Zama maintains its trust in USDC and plans to launch the cUSDC product later this month.