Coinbase supports the migration of the DAI stablecoin to the new USDS token, establishing an automatic conversion window that will run between May 4 and May 6, 2026. The exchange reported that user balances will be updated at a 1:1 ratio without additional fees, reflecting the evolution of the ecosystem formerly known as MakerDAO.
This move is part of the transition toward the “Sky” framework, a profound restructuring that seeks to modernize decentralized finance infrastructure to adapt it to a more mature and regulated market environment. Adoption by giants like Coinbase and Binance validates the relevance of USDS, which already has a market capitalization exceeding $11 billion, consolidating the handover from DAI as one of the most important collateralized assets in the sector.
Users should be aware that DAI trading is already in “limit-only” mode; its total suspension is scheduled for next May 4, along with deposits and withdrawals. The next step for investors is to verify their eligibility, as certain jurisdictions in the European Economic Area (EEA) are excluded from this automatic process.
Source:https://x.com/CoinbaseMarkets/status/2041238162513576053
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