diff --git a/bridge_ui/src/components/Transfer/Source.tsx b/bridge_ui/src/components/Transfer/Source.tsx
index 546894771..c1c368455 100644
--- a/bridge_ui/src/components/Transfer/Source.tsx
+++ b/bridge_ui/src/components/Transfer/Source.tsx
@@ -25,7 +25,7 @@ import KeyAndBalance from "../KeyAndBalance";
 import LowBalanceWarning from "../LowBalanceWarning";
 import StepDescription from "../StepDescription";
 import { TokenSelector } from "../TokenSelectors/SourceTokenSelector";
-import TokenBlacklistWarning from "./TokenBlacklistWarning";
+import TokenWarning from "./TokenWarning";
 
 const useStyles = makeStyles((theme) => ({
   transferField: {
@@ -122,7 +122,7 @@ function Source({
         </Button>
       ) : (
         <>
-          <TokenBlacklistWarning
+          <TokenWarning
             sourceChain={sourceChain}
             tokenAddress={parsedTokenAccount?.mintKey}
             symbol={parsedTokenAccount?.symbol}
diff --git a/bridge_ui/src/components/Transfer/SourcePreview.tsx b/bridge_ui/src/components/Transfer/SourcePreview.tsx
index 1bd17bb3c..f8d4f35e6 100644
--- a/bridge_ui/src/components/Transfer/SourcePreview.tsx
+++ b/bridge_ui/src/components/Transfer/SourcePreview.tsx
@@ -7,7 +7,7 @@ import {
 } from "../../store/selectors";
 import { CHAINS_BY_ID } from "../../utils/consts";
 import SmartAddress from "../SmartAddress";
-import TokenBlacklistWarning from "./TokenBlacklistWarning";
+import TokenWarning from "./TokenWarning";
 
 const useStyles = makeStyles((theme) => ({
   description: {
@@ -46,7 +46,7 @@ export default function SourcePreview() {
       >
         {explainerContent}
       </Typography>
-      <TokenBlacklistWarning
+      <TokenWarning
         sourceChain={sourceChain}
         tokenAddress={sourceParsedTokenAccount?.mintKey}
         symbol={sourceParsedTokenAccount?.symbol}
diff --git a/bridge_ui/src/components/Transfer/TokenBlacklistWarning.tsx b/bridge_ui/src/components/Transfer/TokenBlacklistWarning.tsx
deleted file mode 100644
index 2fba68454..000000000
--- a/bridge_ui/src/components/Transfer/TokenBlacklistWarning.tsx
+++ /dev/null
@@ -1,22 +0,0 @@
-import { ChainId } from "@certusone/wormhole-sdk";
-import { Alert } from "@material-ui/lab";
-import useTokenBlacklistWarning from "../../hooks/useTokenBlacklistWarning";
-
-export default function TokenBlacklistWarning({
-  sourceChain,
-  tokenAddress,
-  symbol,
-}: {
-  sourceChain: ChainId;
-  tokenAddress: string | undefined;
-  symbol: string | undefined;
-}) {
-  const tokenBlacklistWarning = useTokenBlacklistWarning(
-    sourceChain,
-    tokenAddress,
-    symbol
-  );
-  return tokenBlacklistWarning ? (
-    <Alert severity="warning">{tokenBlacklistWarning}</Alert>
-  ) : null;
-}
diff --git a/bridge_ui/src/components/Transfer/TokenWarning.tsx b/bridge_ui/src/components/Transfer/TokenWarning.tsx
new file mode 100644
index 000000000..7817e3bc5
--- /dev/null
+++ b/bridge_ui/src/components/Transfer/TokenWarning.tsx
@@ -0,0 +1,59 @@
+import {
+  ChainId,
+  CHAIN_ID_ETH,
+  CHAIN_ID_SOLANA,
+} from "@certusone/wormhole-sdk";
+import { getAddress } from "@ethersproject/address";
+import { Alert } from "@material-ui/lab";
+import { useMemo } from "react";
+import {
+  ETH_TOKENS_THAT_CAN_BE_SWAPPED_ON_SOLANA,
+  ETH_TOKENS_THAT_EXIST_ELSEWHERE,
+  SOLANA_TOKENS_THAT_EXIST_ELSEWHERE,
+  WETH_ADDRESS,
+} from "../../utils/consts";
+
+export default function TokenWarning({
+  sourceChain,
+  tokenAddress,
+  symbol,
+}: {
+  sourceChain: ChainId;
+  tokenAddress: string | undefined;
+  symbol: string | undefined;
+}) {
+  const tokenConflictingNativeWarning = useMemo(
+    () =>
+      tokenAddress &&
+      ((sourceChain === CHAIN_ID_SOLANA &&
+        SOLANA_TOKENS_THAT_EXIST_ELSEWHERE.includes(tokenAddress)) ||
+        (sourceChain === CHAIN_ID_ETH &&
+          ETH_TOKENS_THAT_EXIST_ELSEWHERE.includes(getAddress(tokenAddress))))
+        ? `Bridging ${
+            symbol ? symbol : "the token"
+          } via Wormhole will not produce native ${
+            symbol ? symbol : "assets"
+          }. It will produce a wrapped version which might have no liquidity or utility on the target chain.`
+        : undefined,
+    [sourceChain, tokenAddress, symbol]
+  );
+  return tokenConflictingNativeWarning ? (
+    <Alert severity="warning">{tokenConflictingNativeWarning}</Alert>
+  ) : sourceChain === CHAIN_ID_ETH && tokenAddress === WETH_ADDRESS ? (
+    <Alert severity="warning">
+      As of 2021-09-30, markets for Wormhole v2 wrapped WETH have not yet been
+      created.
+    </Alert>
+  ) : sourceChain === CHAIN_ID_ETH &&
+    tokenAddress &&
+    ETH_TOKENS_THAT_CAN_BE_SWAPPED_ON_SOLANA.includes(
+      getAddress(tokenAddress)
+    ) ? (
+    //TODO: will this be accurate with Terra support?
+    <Alert severity="info">
+      Bridging {symbol ? symbol : "the token"} via Wormhole will not produce
+      native {symbol ? symbol : "assets"}. It will produce a wrapped version
+      which can be swapped using a stable swap protocol.
+    </Alert>
+  ) : null;
+}
diff --git a/bridge_ui/src/hooks/useTokenBlacklistWarning.ts b/bridge_ui/src/hooks/useTokenBlacklistWarning.ts
deleted file mode 100644
index 6bd01c718..000000000
--- a/bridge_ui/src/hooks/useTokenBlacklistWarning.ts
+++ /dev/null
@@ -1,32 +0,0 @@
-import {
-  ChainId,
-  CHAIN_ID_ETH,
-  CHAIN_ID_SOLANA,
-} from "@certusone/wormhole-sdk";
-import { useMemo } from "react";
-import {
-  ETH_TOKENS_THAT_EXIST_ELSEWHERE,
-  SOLANA_TOKENS_THAT_EXIST_ELSEWHERE,
-} from "../utils/consts";
-
-export default function useTokenBlacklistWarning(
-  chainId: ChainId,
-  tokenAddress: string | undefined,
-  symbol: string | undefined
-) {
-  return useMemo(
-    () =>
-      tokenAddress &&
-      ((chainId === CHAIN_ID_SOLANA &&
-        SOLANA_TOKENS_THAT_EXIST_ELSEWHERE.includes(tokenAddress)) ||
-        (chainId === CHAIN_ID_ETH &&
-          ETH_TOKENS_THAT_EXIST_ELSEWHERE.includes(tokenAddress)))
-        ? `Bridging ${
-            symbol ? symbol : "the token"
-          } via Wormhole will not produce native ${
-            symbol ? symbol : "assets"
-          }. It will produce a wrapped version which might have no liquidity or utility on the target chain.`
-        : undefined,
-    [chainId, tokenAddress, symbol]
-  );
-}
diff --git a/bridge_ui/src/utils/consts.ts b/bridge_ui/src/utils/consts.ts
index 66203dbb5..469c6b2ed 100644
--- a/bridge_ui/src/utils/consts.ts
+++ b/bridge_ui/src/utils/consts.ts
@@ -215,7 +215,6 @@ export const SOLANA_TOKENS_THAT_EXIST_ELSEWHERE = [
 ];
 export const ETH_TOKENS_THAT_EXIST_ELSEWHERE = [
   getAddress("0x476c5E26a75bd202a9683ffD34359C0CC15be0fF"), // SRM
-  getAddress("0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48"), // USDC
   getAddress("0x818fc6c2ec5986bc6e2cbf00939d90556ab12ce5"), // KIN
   getAddress("0xeb4c2781e4eba804ce9a9803c67d0893436bb27d"), // renBTC
   getAddress("0x52d87F22192131636F93c5AB18d0127Ea52CB641"), // renLUNA
@@ -224,6 +223,9 @@ export const ETH_TOKENS_THAT_EXIST_ELSEWHERE = [
   getAddress("0x3832d2F059E55934220881F831bE501D180671A7"), // renDOGE
   getAddress("0x1c5db575e2ff833e46a2e9864c22f4b22e0b37c2"), // renZEC
   getAddress("0xD5147bc8e386d91Cc5DBE72099DAC6C9b99276F5"), // renFIL
+];
+export const ETH_TOKENS_THAT_CAN_BE_SWAPPED_ON_SOLANA = [
+  getAddress("0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48"), // USDC
   getAddress("0xdac17f958d2ee523a2206206994597c13d831ec7"), // USDT
 ];