Coinbase to delist DAI stablecoin as May deadline approaches
Coinbase will disable trading for Dai on May 4, 2026, as part of its latest asset review. Coinbase will disable DAI trading on its website and mobile app from May 4.Remaining DAI balances will convert to USDS at a 1:1 rate after the deadline.Coinbase will also suspend TIME trading and has disabled TRU ahead of migration. The Ethereum-based stablecoin will be converted to USDS for users who leave DAI on the platform after the deadline. Coinbase reminded users that Dai trading will be disabled on Coinbase.com and the Coinbase mobile app on May 4. The exchange also said send and receive support for DAI will be temporarily disabled from May 4 to May 6. DAI is an Ethereum-based stablecoin linked to the MakerDAO ecosystem. Coinbase said any DAI left on the platform by May 4 will be converted to USDS at a 1:1 rate. Users urged to move DAI before May 4 Coinbase advised users who do not want the conversion to move their DAI to a compatible self-custody wallet before the deadline. The exchange said users in selected EEA regions will not have their DAI migrated. This means affected users may need to act before trading and transfer limits take effect. The delisting forms part of