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Coinbase will support the migration of the DAI stablecoin to the new USDS token through an automatic conversion window scheduled for May 4 to May 6, 2026. The exchange said user balances will be updated on a 1:1 basis without additional fees, as part of the token transition from the ecosystem formerly known as MakerDAO.
Coinbase reported that it will support the migration of Dai (DAI) to USDS (USDS) from May 4–6, 2026. During the process, user balances will be converted at a 1:1 ratio and without additional fees.
Coinbase stated that users in the following EEA regions will not have their DAI migrated: AT, BE, BG, CY, CZ, DE, DK, EE, ES, FI, FR, GR, HR, HU, IE, IS,…
The migration is described as part of a broader transition toward the “Sky” framework, aimed at restructuring decentralized finance infrastructure to better fit a more mature and regulated market environment. Coinbase’s and Binance’s support is presented as validation of USDS’s relevance.
USDS is reported to already have a market capitalization exceeding $11 billion, positioning the handover from DAI as one of the most significant collateralized-asset transitions in the sector.
Coinbase noted that DAI trading is already in “limit-only” mode. A total suspension of DAI is scheduled for next May 4, alongside deposits and withdrawals. Investors are advised to verify eligibility, since certain jurisdictions in the European Economic Area are excluded from the automatic conversion process.

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