The Charlotte Hornets will not be bringing back Seth Curry with one year left on his contract and the veteran guard will be waived, per Adrian Wojnarowski of ESPN:
“ESPN Sources: The Charlotte Hornets are waiving guard Seth Curry but interest exists on both sides to keep talking on a new deal in July free agency. Team had a deadline today on guaranteeing Curry’s contract for the 2024-2025 season.”
As Wojnarowski notes, this doesn't necessarily mean that Curry won't return to the Hornets. The two sides could come to an agreement for next season, but at this point Curry becomes a free agent and is welcome to negotiate and sign with any NBA team.