The court itself admitted the freeze was unreasonable, with Circle acting as a pawn, and the USDC compliance narrative has cracked open again—but Zama still believes it. I’ve got to say, I’m genuinely impressed with that mindset.

Wu Says He Has Learned That Rand, the founder of the privacy protocol Zama, posted an announcement saying that the freeze on Zama’s cUSDC contract has been lifted, and all systems have returned to normal. Previously, on May 29, a U.S. court ordered Circle to temporarily freeze a $12.5 million USDC agreement contract held by Zama without prior notice. The court has now determined that the freeze was unreasonable and has lifted the temporary restraining order (TRO), fully restoring Zama’s cUSDC contract and assets. Zama stated that the incident did not affect its trust in USDC and that it still plans to launch the cUSDC product later this month.