Coinbase will cease DAI trading in May 2026

Coinbase announced that it will cease Dai (DAI) trading from May 4, 2026, and suspend DAI deposits and withdrawals from May 4 to 6. The remaining DAI on the platform will be automatically converted to USDS at a ratio of 1 DAI to 1 USDS. Users can transfer DAI to a compatible wallet before May 4th to avoid conversion.