According to the announcement from Binance, the platform has successfully completed the token swap and rebranding of Dai (DAI) to USDS (USDS). As part of this transition, deposits and withdrawals for the newly rebranded USDS tokens are now open. Additionally, spot trading for the BTC/USDS, ETH/USDS, and USDS/USDT pairs commenced at 2026-04-09 08:00 (UTC). Users engaged in Spot Copy Trading can incorporate these pairs by adjusting their preferences in the Spot Copy Trading settings.
The token swap was executed at a fixed ratio of 1 DAI to 1 USDS. Binance users can review their token distribution history through their accounts. The platform has also provided functionality for users to deposit old DAI tokens (BEP20) and convert them to USDS tokens at a 1:1 ratio using the Convert function. However, Binance has indicated that deposits and conversions of old DAI tokens may be halted without prior notice, and withdrawals of these tokens will no longer be supported. Users are advised to stay informed through the original English version of the announcement for the most accurate details. Binance's decision to support the Dai token swap and rebranding to USDS marks a significant update in its offerings, aligning with its ongoing efforts to enhance user experience and streamline token management on the platform.