DAI's supply grew 0.63% to $4.66 billion as of May 10, 2026, maintaining its position as the fourth-largest stablecoin, though the token is undergoing significant structural changes as major exchanges complete mandatory conversions to its successor, USDS. Coinbase disabled trading for DAI on its platform on May 4, 2026, converting remaining balances to USDS. Binance completed a mandatory backend migration where all user DAI balances were automatically converted to USDS at a 1:1 ratio, with all DAI trading pairs delisted and replaced with USDS pairs.