The Bitlayer ecosystem is undergoing a significant update to align with Circle’s compliance protocols. This update involves renaming the existing USDC token to USDC.e and introducing a new, fully compliant USDC token. Here’s what you need to know about the change and how to smoothly transition your assets.
Understanding the USDC to USDC.e Transition
To ensure ecosystem stability and regulatory compliance, Bitlayer is implementing the following changes:
- The current USDC token will be renamed to USDC.e across all wallets and on-chain displays.
- USDC.e will have no utility or use cases on the Bitlayer chain going forward.
- All users are required to exchange their USDC.e holdings for the new USDC token.
To encourage user participation in this necessary migration, Bitlayer is offering a 1000-point reward for completing the exchange. It is crucial to note that if you have any outstanding loans involving USDC.e in lending protocols, you must repay those loans entirely before you can exchange your remaining USDC.e balance.
Step-by-Step Guide to Exchanging USDC.e for USDC
Follow these clear steps to migrate your tokens and claim your reward.
Step 1: Access the Swap Portal
Navigate to the Bitlayer ecosystem interface. In the main navigation bar, find and select the 【Bridge&Earn】 section. From there, click on the 【USDC Change】 option to be directed to the dedicated swap page. The final step is to connect your Web3 wallet to the platform.
Step 2: Confirm the Exchange Amount
Once your wallet is connected, the system will automatically scan your balance and pre-fill the maximum amount of USDC.e available for exchange. Important: The exchange is a one-time operation per wallet address, meaning you cannot manually adjust the amount. Carefully review the pre-filled amount and, if correct, click the 【Confirm&Reward】 button to proceed.
Step 3: Approve the Transaction in Your Wallet
A transaction confirmation request will appear in your connected wallet (like MetaMask). Verify the transaction details and sign it to execute the token swap. After the transaction is confirmed on the blockchain, the interface will notify you that the exchange is complete and that you are eligible for the point reward. Click the 【Get it】 button to claim your bonus.
Step 4: Claim Your Reward Points
You will be automatically redirected to the 【Racer Center】 page. Here, you can formally claim your 1000-point reward for completing the migration.
Step 5: Verify Your New USDC Balance
The final step is to manually check your wallet to confirm that the new USDC tokens have been successfully deposited and that your USDC.e balance has been reduced accordingly. This ensures the entire process was executed correctly.
👉 View the official exchange portal for a seamless swap
Frequently Asked Questions (FAQ)
Q: Why is Bitlayer making this change from USDC to USDC.e?
A: This update is a proactive measure to ensure the Bitlayer ecosystem remains fully compliant with Circle's licensing requirements for the USDC stablecoin. Renaming the existing token to USDC.e clearly distinguishes it from the new, compliant version.
Q: Is the exchange of USDC.e for USDC mandatory?
A: Yes. After the transition period, the USDC.e token will have no functionality on Bitlayer. To continue using a USDC stablecoin within the ecosystem, you must exchange it for the new token.
Q: What happens if I have an active USDC.e loan?
A: You must repay any outstanding loans that use USDC.e as collateral or debt in a lending protocol before you can exchange your free balance. The swap interface will only process the amount not currently locked in a loan.
Q: Can I exchange only a portion of my USDC.e?
A: No. The exchange is designed as a one-time, full-balance swap per wallet address. The system automatically pre-fills the maximum amount available for exchange.
Q: How long will the 1000-point reward offer last?
A: The reward is offered as an incentive for early adoption during the migration period. It is typically available for a limited time, so users are encouraged to complete the swap promptly.
Q: Where can I get help if I encounter an issue during the swap?
A: For technical support regarding the exchange process, it is best to seek help through Bitlayer's official community channels on Discord or Twitter, where moderators can provide assistance.