Crypto.com Completes DAI to USDS Token Migration
Crypto.com Completes DAI to USDS Token Migration
🔄 DAI Becomes USDS
Crypto.com has finished migrating DAI tokens to USDS for all users. The rebrand from MakerDAO's DAI stablecoin to USDS is now complete on the platform.
Key details:
- All DAI holdings automatically converted to USDS at 1:1 ratio
- Users can now trade, deposit, and withdraw USDS
- Available in both the Crypto.com App and Exchange
- USDS can be purchased with USD, EUR, and 20+ fiat currencies
- ERC-20 deposits and withdrawals are supported
The migration process began on April 9, when Crypto.com announced support for the token swap. DAI trading, deposits, and withdrawals were suspended on April 10. No action was required from users during the transition.
USDS represents the rebranded version of the DAI stablecoin from the Sky Ecosystem (formerly MakerDAO).
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