Following further updates from Sky (formerly known as MakerDAO), VALR will now support the migration of DAI to USDS. If you have a balance of DAI, it will be migrated to USDS.
USDS distributions will take place from 6 May 2026 onwards. Tokens will be converted at a rate of approximately 1 DAI: 1 USDS. There will be no transaction fees associated with the conversion.
Please note the following important information:
DAI will be delisted from Simple Buy & Sell at 6:00 PM (UTC) on 3 May 2026.
Withdrawals for DAI will be disabled at 6:00 PM UTC on 3 May 2026.
Your DAI balance will automatically be converted to USDS from 6 May 2026 onwards.
We will handle the conversion for you. No action is required on your part at this time.
If you have any questions, feel free to reach out to our support team here.