According to Coinbase, trading in Dai will end on May 4, 2026, with customer balances automatically converted to USDS and transfers temporarily paused through May 6.
Coinbase said it will stop trading of Dai, a U.S. dollar-pegged stablecoin, on May 4, 2026. The exchange plans to automatically convert any remaining Dai balances on its platform into USDS, another stablecoin, at a 1:1 ratio. Coinbase also said deposits and withdrawals for Dai will be paused from May 4 to May 6. The move means users holding Dai on the platform will not need to manually swap after the deadline, while temporary transfer restrictions are intended to support the conversion process.