Zama, Morpho and Steakhouse open the first DeFi yield vault for Confidential USDC on June 23, routing encrypted cUSDC into Steakhouse Prime v2 on Morpho and putting fully homomorphic encryption to work in live lending.

A federal judge in the Northern District of California reversed the temporary restraining order that had pushed Circle to blacklist the privacy protocol's wrapper, restoring funds to depositors caught in a civil dispute they were not party to.