Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT

Cointelegraph Staff

(07:11 PM UTC)

1 min read

Stablecoin issuer Circle froze $12.6 million in USDC dollar-pegged tokens linked to privacy protocol Zama’s confidential USDC smart contract on Saturday, according to onchain sleuth ZachXBT.

The smart contract is “publicly labeled” on block explorers and the privacy protocol’s technical documentation, ZachXBT said.

The exact reason for the freeze is “unclear,” he said, adding that wallets…

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