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Coinpaprika
2026-06-07 12:00:00

US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract

US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract

A U.S. federal court in California reversed the temporary restraining order that froze Zama's cUSDC contract on June 1, 2026, restoring approximately $12.5 million in USDC to all depositors. The freeze, executed by Circle under an ex parte court order in a separate civil case, had locked uninvolved users for three days.

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