USDC.e to USDC Conversion Guide

Overview of the Token Migration

To comply with Circle protocol requirements and ensure the stability and regulatory compliance of the Bitlayer ecosystem, Bitlayer will implement the following adjustments to its existing USDC Token:

1. Token Renaming: The original USDC Token will be rebranded as USDC.e, visible across wallets and on-chain interfaces.
2. Usage Restrictions: USDC.e will no longer be supported for transactions or services within the Bitlayer network.
3. Conversion Process: Users must exchange their USDC.e holdings for the new USDC Token.
4. Reward Incentive: As a token of appreciation, Bitlayer will award 1,000 loyalty points upon successful conversion.
5. Important Note: If you have active USDC.e loans in Lending protocols, repay them before initiating the conversion.

Step-by-Step Conversion Tutorial

Step 1: Access the Swap Interface

• Navigate to the Bridge&Earn section in Bitlayer’s dashboard.
• Select USDC Change to proceed to the Swap page.
• Connect your wallet to enable transaction processing.

Step 2: Review Automatic Balance Input

• The system auto-detects your USDC.e balance and prefills the exchangeable amount.
• Note: Conversions are one-time-only per wallet address; amount adjustments are disabled.
• Click Confirm&Reward to proceed after verification.

Step 3: Execute the Transaction

• Confirm the pending request via your wallet’s prompt.
• Upon completion, click Get it to claim your 1,000-point reward.

Step 4: Redeem Your Reward

• You’ll be redirected to the Racer Center dashboard.
• Claim the allocated points under the "Rewards" section.

Step 5: Verify Receipt of USDC

• Check your wallet balance to confirm the new USDC Tokens have been deposited.

Key Considerations

• Deadline: Complete conversions promptly to avoid service disruptions.
• Gas Fees: Ensure sufficient native tokens (e.g., ETH/BNB) for transaction costs.
• Support: Contact Bitlayer’s help desk for stalled transactions or balance discrepancies.

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Frequently Asked Questions (FAQ)

Q1: Is USDC.e still usable on Bitlayer?

No. USDC.e has been deprecated and must be converted to USDC for continued functionality.

Q2: Can I convert partial amounts of USDC.e?

No. The system enforces full-balance conversions per wallet to streamline compliance.

Q3: Where do I report missing rewards?

Visit Bitlayer’s Racer Center or file a support ticket via Discord/GitHub.

Q4: Will other stablecoins undergo similar changes?

Currently, only USDC is affected. Monitor official channels for future updates.

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Closing Notes

Bitlayer remains committed to transparent, user-centric upgrades. For real-time announcements, follow our official channels below:

• Website: Bitlayer
• Twitter: @BitLayerLabs
• Developer Hub: GitHub