This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will support the Dai (DAI) token swap and rebranding to USDS (USDS).
Trading
At 2026-04-07 03:00 (UTC), Binance will remove all existing DAI spot trading pairs (i.e.,BTC/DAI, DAI/JPY, ETH/DAI and USDT/DAI) and cancel all pending DAI spot trading orders.
At 2026-04-09 08:00 (UTC), Binance will open trading for the BTC/USDS, ETH/USDS and USDS/USDT trading pairs.
Deposits and Withdrawals
At 2026-04-07 03:30 (UTC), deposits and withdrawals of DAI tokens will be suspended. Users should ensure they leave sufficient time for their DAI token deposits to be fully processed prior to this time.
Deposits of USDS tokens will open at 2026-04-09 07:00 (UTC).
Binance will make a separate announcement after the event is completed to notify users when withdrawals of USDS tokens have opened.
After the event is complete, withdrawals of DAI tokens will no longer be supported.
Binance will handle all technical requirements for users who are involved in this event.
Users may refer to the announcement from the project team for more information.
DAI tokens will assume the ticker of USDS tokens on Binance.
All DAI tokens will be swapped to USDS at a ratio of 1 DAI = 1 USDS.
At 2026-04-07 03:00 (UTC),
Binance will remove and cease trading on all Spot trading pairs for DAI. The exact trading pairs being removed are: BTC/DAI, DAI/JPY, ETH/DAI and USDT/DAI. All trade orders will be automatically removed after trading ceases in each respective trading pair.
Binance will remove Trading Bots services for the aforementioned Spot trading pairs where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.
Binance will open trading for the BTC/USDS, ETH/USDS and USDS/USDT trading pairs at 2026-04-09 08:00 (UTC).
At 2026-03-23 06:00 (UTC),
Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).
At 2026-03-31 10:00 (UTC) (Margin Scheduled Removal Time),
Binance Margin will remove DAI from Cross and Isolated Margin. The cross and isolated margin pair(s) of the aforementioned token(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.
At the Margin Scheduled Removal Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.
At the Margin Scheduled Removal Time, If users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:
If users only hold the aforementioned token(s) in the form of collateral:
If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold.
If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be removed will be fully sold.
If users only hold the aforementioned token(s) in the form of liabilities:
If CML is at or above 2, pending orders will not be affected.
If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled.
The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.
Please note that users will not be able to update their positions during the removal process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading. Binance will not be responsible for any potential losses.
A separate announcement will be made for relisting.
If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Removal Time, they will be automatically liquidated. The removal margin assets will be sold for USDT, and the proceeds will be added to the user's Portfolio Margin balance. Binance is not liable for any losses incurred.
Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before the Margin Scheduled Removal Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account.
Please Note: For futures perpetual contracts, please refer to the relevant Futures announcements.
Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated.
At 2026-03-31 07:00 (UTC),
Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for DAI (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding DAI loans before this time to avoid any potential losses.
Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
From 2026-04-06 08:00 (UTC),
Binance Simple Earn will cease support for DAI Simple Earn Flexible and Locked Products. Subscriptions will no longer be available.
All remaining DAI Flexible and Locked Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from DAI Simple Earn Flexible and Locked Products anytime beforehand without deduction of any accrued rewards.
After 2026-04-09 08:00 (UTC), Binance Simple Earn will resubscribe the converted USDS assets for Flexible and Locked Products for impacted users, according to the above swap ratio.
If there were any changes in the user's DAI balance after the redemption, the resubscription will be conducted based on the user’s previous asset allocation ratio between Flexible and Locked Products with different durations with the remaining USDS balance.
Example:
The user has 30 DAI in 15-Day Locked Products, 20 DAI in 30-Day Locked Products, and 50 DAI in Flexible Products.
If the user’s total DAI balance changes from 100 to 50 before the resubscription, the resubscription amount will be: 15 USDS in 15-Day Locked Products, 10 USDS in 30-Day Locked Products, 25 USDS in Flexible Products.
About Locked Products Positions
Rewards will be distributed to the user’s Spot Account the day after accrual starts on the new subscriptions (two days after subscription).
The duration of the Locked Products will be reset with the new subscription. For example, a DAI 30-Day Locked Products position with 7 days till expiry will be reset to 30 days till expiry for the new USDS 30-Day Locked Products position.
After the resubscription, users can redeem the USDS Locked Products positions before 2026-06-08 08:00 (UTC) without deduction of any accrued rewards.
At 2026-04-03 08:00 (UTC), Binance will remove DAI from the list of supported cryptocurrencies on Binance Pay.
At 2026-04-07 03:00 (UTC),
Binance will no longer support the creation of DAI Gift Cards.
Users may proceed to redeem any unredeemed DAI Gift Cards for DAI tokens before this time.
Binance Convert will remove DAI and all associated pairs at 2026-04-07 02:00 (UTC).
Convert Low-Value Assets will remove DAI at 2026-04-06 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
At 2026-03-30 03:00 (UTC), Buy & Sell Crypto will remove DAI and all associated pairs.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2026-03-20
Disclaimers:
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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