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Zama Founder: Court Lifts Temporary Restraint on cUSDC Contract, Normal Operations Restored

On June 2, Zama founder Rand announced that the freezing measures on the cUSDC contract under Zama have been lifted, and all systems are back to normal operation. Previously, a U.S. court had ordered Circle to temporarily freeze a contract worth $12.5 million in USDC held by Zama without prior notice. The court has now deemed the freezing measure unreasonable and has lifted the temporary restraining order, fully restoring the related cUSDC contracts and assets. Rand stated that this incident has not affected the team's trust in USDC, and Zama still plans to launch the cUSDC product later this month.

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