#cusdc

[rwatimes]

US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract After Three-Day Lockout

➤ A US federal court reversed a temporary restraining order that had caused Circle to blacklist Zama's cUSDC contract, unfreezing $12.5 million for depositors. ➤ The reversal establishes that innocent depositors caught in a stablecoin issuer's compliance actions have standing to be heard and can challenge such freezes. ➤ Zama plans to implement 'transitive compliance' to ensure future compliance actions on underlying assets only affect the specific user's balance, not the entire contract.

[rwatimes]

US Court Unfreezes $12.5M In CUSDC From Privacy Protocol Zama After Three-Day Freeze

A US court unfroze $12.5M in cUSDC from Zama's smart contract after a legal dispute over an unrelated project, Overnight Finance. Zama now plans to accelerate its regulatory compliance roadmap.

➤ A US court unfroze $12.5 million in cUSDC from Zama's smart contract after a three-day freeze stemming from an unrelated legal dispute. ➤ The incident highlights how traditional legal actions against centralized entities like Circle can impact decentralized protocols, even if they are not directly involved. ➤ Zama plans to accelerate its regulatory compliance roadmap in response, signaling a move towards greater integration with traditional legal frameworks.

[pavel-nosok]

Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’

Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is related to a “more strict regulatory climate” in the U.S. regarding crypto. Bitwage Drops USDC Payments in the U.S. Crypto payroll solutions company…

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