Peace tatanka.
Fusion is right. The replacement is of the disbelief instead of the belief/faith.;
Also the verb is "Yatabadal" not "Yabadal" which clarifies that the disbelief is replacing the belief/faith:
2:108
"Do you wish to demand of your messenger what was demanded of Moses in the past? Anyone who replaces/chooses disbelief, instead of belief/faith, has truly strayed off the right path.
أَم تُريدونَ أَن تَسـَٔلوا رَسولَكُم كَما سُئِلَ موسىٰ مِن قَبلُ وَمَن يَتَبَدَّلِ الكُفرَ بِالإيمٰنِ فَقَد ضَلَّ سَواءَ السَّبيلِ
The following context also clarifies this:
2:109
Many followers of the scripture would rather see you revert to disbelief, now that you have believed. This is due to jealousy on their part, after the truth has become evident to them. You shall pardon them, and leave them alone, until God issues His judgment. God is Omnipotent.
وَدَّ كَثيرٌ مِن أَهلِ الكِتٰبِ لَو يَرُدّونَكُم مِن بَعدِ إيمٰنِكُم كُفّارًا حَسَدًا مِن عِندِ أَنفُسِهِم مِن بَعدِ ما تَبَيَّنَ لَهُمُ الحَقُّ فَاعفوا وَاصفَحوا حَتّىٰ يَأتِىَ اللَّهُ بِأَمرِهِ إِنَّ اللَّهَ عَلىٰ كُلِّ شَىءٍ قَديرٌ
Like saying for example the Americans have replaced Trump instead of Biden as president, this choice will more likely leave them worse off.
GOD bless you.
Peace.