Coinbase to Delist This Ethereum-Based Stablecoin in May

Coinbase to Delist This Ethereum-Based Stablecoin in May

Source: UToday

Published:08:25 UTC

BTC Price:$76148.8

#dai #coinbase #stablecoin

Analysis

Price Impact

Med

Coinbase delisting dai from its platform will likely have a short-term negative impact on dai's price due to reduced accessibility and liquidity. however, dai is an ethereum-based stablecoin overseen by makerdao, and its peg to the us dollar is its primary function, which should limit significant price deviation.

Trustworthiness

High

Price Direction

Neutral

While the delisting might cause a minor dip, dai is a stablecoin designed to maintain a 1:1 peg with the usd. significant price drops or surges are unlikely unless there are broader market issues affecting stablecoins or makerdao's stability.

Time Effect

Short

The delisting takes effect on may 4, 2026. the immediate aftermath of the announcement and the period leading up to the delisting might see some price pressure, but the long-term impact on dai's stability should be minimal.

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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. At April's close, Coinbase is issuing delisting alerts on a few crypto assets. In a recent tweet, Coinbase reminds users that trading for Dai (DAI) will be disabled on coinbase․com and the Coinbase mobile app on May 4, 2026. In addition, send and receive support for Dai (DAI) will be temporarily disabled from May 4 to 6, 2026. Advertisement Reminder: trading for Dai (DAI) will be disabled on coinbase․com and the Coinbase mobile app on May 4, 2026. Send and receive support of Dai (DAI) will be temporarily disabled from May 4-6, 2026. Users in the following EEA regions will not have their DAI migrated: AT, BE, BG,… — Coinbase Markets 🛡️ (@CoinbaseMarkets) April 29, 2026 DAI is an Ethereum-based stablecoin overseen by MakerDAO. Users in selected EEA regions will not have their DAI migrated. Coinbase notes that any Dai (DAI) remaining on the platform as of May 4 will be converted to USDS (USDS) at a rate of 1 DAI: 1 USDS. As a result, users are urged to send their tokens to a compatible self-custody wallet before the May 4 deadline. HOT Stories Breaking: Ripple Expands Its Presence in Middle East with New HQ XRP Goes Mainstream in Japan with Rakuten Integration You Might Also Like Fri, 02/20/2026 - 16:07 Coinbase Delists 25 Crypto Perpetual Contracts in Liquidity-Driven Derivatives Review By Gamza Khanzadaev Advertisement Coinbase regularly monitors the assets on the crypto exchange to ensure they meet its listing standards. Based on recent reviews, Coinbase will be suspending trading for Chrono․tech (TIME) on May 11, 2026 at 2 p.m. ET. Trading for the TIME token will be suspended on Coinbase Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. Along similar lines, Coinbase stated it has disabled trading for TrueFi (TRU) ahead of its May 10, 2026 migration deadline. Coinbase news Coinbase recently launched the first wave of perpetual futures on AI Infrastructure & Compute for Silicon Valley companies. These include Micron Technology (MU), Advanced Micro Devices (AMD), Arm Holdings (ARM), Intel Corp (INTC), and SanDisk Corporation (SNDK). Advertisement You Might Also Like Tue, 01/27/2026 - 13:18 Coinbase Moves Early on Quantum Computing, CEO Reacts By Tomiwabold Olajide In this light, perpetual futures trading for Advanced Micro Devices (AMD), ARM (ARM), Intel (INTC), Micron (MU), and SanDisk (SNDK) launched on the Coinbase platform on April 29, 2026. In other news, Base is now supported by Visa for stablecoin settlement. In listing updates, Gensyn (AI) and Protocol (VIRTUAL) are now available on the Coinbase platform and in the Coinbase app, allowing its users to buy, sell, convert, send, receive, or store these assets. Coinbase will add support for MegaETH (MEGA), while spot trading for Wrapped Ronin (WRON) is expected to go live on April 30, 2026. #Ethereum #Dai News