A federal judge in the Northern District of California reversed the TRO that pushed Circle to blacklist Zama's cUSDC, restoring $12.5M to depositors.

Stablecoin issuer Circle has frozen $12.6 million in stablecoins linked to the Zama privacy protocol, a decision that was criticized by onchain analyst ZachXBT.

Privacy-focused protocol Zama is expanding compliance measures after a US court lifted a $12.5 million USDC freeze, arguing the order unfairly impacted uninvolved users.