Trading Suspension: DAI-USD

Incident Report for Coinbase Exchange

Update

Dai (DAI) order books have been moved to limit-only mode.

Ahead of the migration, the following Dai (DAI) services will be impacted:

- Trading of Dai (DAI) will be disabled on May 4, 2026
- Sends and receives of Dai (DAI) will be temporarily disabled May 4-6, 2026. Please refrain from depositing or transferring DAI during this time.

Your tokens will be converted at a rate of approximately 1 DAI : 1 USDS. There will be no transaction fees associated with the conversion.

If you wish to opt-out of this automatic conversion please send your Dai (DAI) to a compatible self-custody wallet before May 4, 2026.

You can find more details about the migration here: https://app.sky.money/?widget=convert&network=ethereum&convert_module=upgrade&flow=upgrade&source_token=DAI

Posted Apr 06, 2026 - 12:36 PDT

Monitoring

Dai has announced a migration of its token from DAI to USDS. Coinbase will support the migration of Dai (DAI) to USDS (USDS) from May 4-6, 2026.

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, IT, LI, LT, LU, LV, MT, NL, NO, PL, PT, RO, SE, SI, SK

What does this mean for you? Read more in the thread ⬇️

Posted Apr 06, 2026 - 12:35 PDT

This incident affects: Asset / Book Listings.