Circle Freezes $12.6 Million in Confidential USDC, Exposing Surveillance Risks

Loading market data...

USDC

Daily

$0.99988

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$1.0171

Resistance 2$1.0154

Resistance 1$1.00

Price$0.99988

Support 1$0.9997

Support 2$0.9962

Support 3$0.9944

Pivot (PP):$0.999773

Trend:Sideways

RSI (14):41.5

Lockridge Okoth

(09:22 AM UTC)

1 min read

Circle blacklisted Zama’s confidential USDC contract on Ethereum on May 30. The blacklist freezes roughly $12.6 million held in a cUSDC token contract.

The freeze prevents holders of confidential USDC (cUSDC) from redeeming the tokens for standard USDC. The action raises fresh questions about issuer control over privacy-focused Decentralized Finance (DeFi) protocols.

Circle Blacklist Halts…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments