Roughly 5% of the funds in the retired Orchard pool have gone through the turnstile. The rest sit in a pool that can no longer take deposits.
- About 176,000 ZEC, or roughly $81 million, has moved into Zcash’s new Ironwood shielded pool in the first day after the upgrade, representing about 5 percent of the Orchard pool’s balance at activation.
- Orchard, which can no longer accept deposits, is steadily shrinking as coins exit through a turnstile mechanism that limits total withdrawals to the amount verifiably deposited.
- Migration to Ironwood is voluntary, leaving most of Zcash’s shielded supply temporarily stranded in a now-closed Orchard pool while holders, wallets and exchanges move funds at their own pace.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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