To comply with Circle’s protocol requirements and ensure the stability and compliance of the Bitlayer ecosystem, Bitlayer will rename the existing USDC Token. The details are as follows:

1. The original USDC Token will be renamed to USDC.e, and the new USDC Token name will be displayed in wallets and on-chain.
2. USDC.e will no longer have any use cases on the Bitlayer chain.
3. Below is a guide on how to convert USDC.e to USDC.
4. As a token of appreciation for your cooperation, Bitlayer will offer 1,000 points as a reward after the conversion.
5. Please note that if you have any outstanding loans in Lending with USDC.e, you’ll need to repay them before converting the remaining USDC.e.

Guide

1. In the Bitlayer navigation bar, select [Bridge & Earn], then click [USDC Change]. After entering the Swap page, connect your wallet.

   

2. The system will automatically detect your wallet balance and input the amount to be converted. Please note that Bitlayer only allows a one-time conversion per wallet address, so you will not be able to modify the conversion amount. After confirming the details, click [Confirm & Reward].

   

3. Then, confirm the transaction in your wallet. After confirmation, the conversion will be complete. Bitlayer will reward you with points for this conversion; click [Get it].

   

4. On the [Racer Center] page, claim your 1,000 points.

   

5. You can check your wallet to confirm that the converted USDC has been credited.

   

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