U.S. Court Lifts Freeze on Zama's cUSDC Contract

2026-06-02 09:10

Zama's founder, Rand, announced that a U.S. court has lifted the freeze on Zama's cUSDC contract, restoring all systems to normal. Last Friday, the court had unexpectedly ordered Circle to freeze a contract holding USDC within the Zama protocol due to a dispute involving stakeholders of another protocol, Overnight Finance. The court has now determined the freeze was unwarranted and has removed it. Zama affirmed that this incident does not affect its confidence in USDC as a core asset. The cUSDC product is set to launch later this month, with Zama committing $5 million USDC from its treasury to support the product.

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