As blockchain ecosystems evolve, token upgrades and migrations become essential for compliance, scalability, and user experience. In line with Circle’s regulatory standards and to ensure long-term stability within the Bitlayer ecosystem, a transition from USDC.e to the standard USDC token is now in progress.
This guide walks you through every step of converting your USDC.e tokens into native USDC on the Bitlayer network—securely, efficiently, and with rewards for participation.
Why Is USDC.e Being Renamed?
To maintain regulatory compliance and interoperability across chains, Bitlayer is rebranding its existing USDC variant as USDC.e. This change serves several critical purposes:
- Regulatory alignment: Ensures adherence to Circle's updated token policies.
- Ecosystem clarity: Prevents confusion between official USDC and chain-specific variants.
- Future-proofing: Prepares the network for broader DeFi integrations and cross-chain functionality.
🔔 Important: USDC.e will no longer be usable within Bitlayer’s dApps or protocols after this migration. Holding USDC.e without swapping may limit your access to future features.
Key Points Before You Begin
Before initiating the swap, review these essential details:
- ✅ One-time conversion: Each wallet address is eligible for a single, automatic swap. You cannot modify the amount or repeat the process.
- ✅ Rewards included: Complete the swap and receive 1,000 Racer Points as a thank-you for compliance.
- ✅ Loan clearance required: If you have open lending positions involving USDC.e, repay your debt first before proceeding with the swap.
- ✅ Automatic detection: The system detects your full USDC.e balance—no manual input needed.
👉 Learn how to maximize your DeFi rewards during token migrations.
Step-by-Step Guide: Convert USDC.e to USDC
Follow this simple process to complete your token swap and claim your bonus.
Step 1: Access the Bridge & Earn Portal
- Navigate to the Bitlayer platform.
- From the main menu, select [Bridge & Earn].
- Click on [USDC Change] to enter the swap interface.
This dedicated portal is designed for seamless migration and integrates directly with your Web3 wallet.
Step 2: Connect Your Wallet
- Click "Connect Wallet" and choose your preferred provider (e.g., MetaMask, WalletConnect).
- Approve the connection request in your wallet extension or mobile app.
Once connected, the system will automatically detect your USDC.e balance.
💡 Pro Tip: Ensure you're using the correct network (Bitlayer) in your wallet settings to avoid errors.
Step 3: Confirm the Swap
- The platform pre-fills the total amount of USDC.e available for conversion.
- Since this is a one-time, non-editable transaction, no adjustments can be made.
- Review the displayed balance carefully.
- Click [Confirm & Reward] to proceed.
You’ll now see a blockchain transaction prompt in your wallet.
Step 4: Approve the Transaction
- In your wallet interface, confirm the transaction.
- Pay the required gas fee in BTL or supported native tokens.
- Wait for blockchain confirmation (usually within seconds on Bitlayer).
Upon success, you’ll receive standard USDC tokens sent directly to your wallet.
Step 5: Claim Your 1,000 Racer Points
After the swap:
- Click [Get it] to be redirected to the Racer Center.
- Log in or connect your wallet if prompted.
- Locate your reward notification and click to claim 1,000积分 (Racer Points).
These points may unlock exclusive benefits in upcoming Bitlayer campaigns, gamified events, or governance participation.
Step 6: Verify USDC Receipt
Finally:
- Open your wallet.
- Add the USDC token contract address if not auto-detected.
- Confirm that the equivalent amount of USDC has arrived.
You’ve successfully upgraded your assets while staying compliant with ecosystem standards.
Frequently Asked Questions (FAQ)
Q: What is USDC.e?
A: USDC.e is a legacy version of USDC used temporarily on Bitlayer. It’s being phased out to align with Circle’s official token standards and ensure cross-chain compatibility.
Q: Can I swap USDC.e more than once?
A: No. Each wallet address qualifies for one automatic swap only. The system locks further attempts after completion.
Q: Do I need to pay fees to convert?
A: Yes. A standard gas fee applies when confirming the transaction via your wallet. Fees are paid in Bitlayer’s native token (BTL) or approved alternatives.
Q: What happens if I don’t swap my USDC.e?
A: Unswapped USDC.e will become inactive and unusable in future DeFi applications on Bitlayer. It won’t accrue rewards or support transactions.
Q: Why must I repay loans before swapping?
A: Outstanding debts tied to USDC.e must be settled first to prevent imbalances in lending pools. Failure to repay may result in failed swaps or collateral liquidation.
Q: Are Racer Points tradable or redeemable?
A: Currently, Racer Points are non-transferable but serve as loyalty metrics for future airdrops, early access passes, or staking boosts within Bitlayer’s ecosystem.
Maximize Value During Token Transitions
Token migrations like this aren’t just administrative tasks—they’re opportunities. By acting early, you protect your asset utility and position yourself for future incentives.
👉 Discover strategies to optimize yield during blockchain upgrades and token swaps.
Whether it’s tracking reward programs, managing loan positions, or timing conversions during low-gas periods, proactive engagement increases long-term returns in any DeFi environment.
Final Thoughts
The shift from USDC.e to standard USDC marks a pivotal moment in Bitlayer’s journey toward compliance, scalability, and user-centric innovation. By completing this quick and straightforward swap, you ensure uninterrupted access to decentralized finance tools while earning valuable rewards.
Remember:
- Act before USDC.e becomes obsolete.
- Repay any loans linked to USDC.e first.
- Claim your 1,000 Racer Points immediately after conversion.
Blockchain evolves fast—stay ahead by staying informed and taking action at the right time.
👉 Stay updated on the latest in DeFi migrations and stablecoin strategies.
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