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Circle freezing $12.6M in Zama confidential USDC contract is a wild reminder of how crypto actually works today
People get excited about privacy tech, encryption, and all the fancy infrastructure
But if the stablecoin itself can be frozen by the issuer, that power doesn’t magically disappear because the transactions are private
Not even a shot at Zama, it's just reality
You can hide the transaction, you can’t hide from the issuer controls
a lot of people are finally realizing that privacy and censorship resistance are two completely different things