Sei Network issued a warning to holders of USDC.n tokens, urging them to swap for native USDC ahead of a major upgrade planned for March.
USDC.n is a bridged version of Circle’s USDC stablecoin on the Sei Network, originally issued on the Noble appchain and enables interoperability in ecosystems like Cosmos.
This story is an excerpt from the Unchained Daily newsletter.
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The SIP-3 upgrade, scheduled for the mainnet in March, will transition Sei to an EVM-only chain, meaning it will no longer support Cosmos-native assets like USDC.n.
“After this upgrade, USDC.n may become inaccessible or lose its value on the Sei Network,” said the Sei team in a statement
The team urged holders to use tools like DragonSwap or Symphony to swap small amounts, and Brr to migrate larger volumes through Circle’s Cross-Chain Transfer Protocol (CCTP).
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Sei Network Warns USDC.n Could Become ‘Inaccessible’ After March - Unchained
Sei Network issued a warning to holders of USDC.n tokens, urging them to swap for native USDC ahead of a major upgrade planned for March.
USDC.n is a bridged version of Circle’s USDC stablecoin on the Sei Network, originally issued on the Noble appchain and enables interoperability in ecosystems like Cosmos.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
The SIP-3 upgrade, scheduled for the mainnet in March, will transition Sei to an EVM-only chain, meaning it will no longer support Cosmos-native assets like USDC.n.
“After this upgrade, USDC.n may become inaccessible or lose its value on the Sei Network,” said the Sei team in a statement
The team urged holders to use tools like DragonSwap or Symphony to swap small amounts, and Brr to migrate larger volumes through Circle’s Cross-Chain Transfer Protocol (CCTP).